Any stocks in a downward trend

Screening Filters

1. moving_average_relationship: ['PriceBelowMA20', 'PriceBelowMA200']

   • Purpose: Find stocks trading below both their short‑term and long‑term trend lines.
   • Rationale:
     • Price below the 20-day moving average (MA20) indicates recent weakness and a short‑term down move.
     • Price below the 200-day moving average (MA200) signals a longer‑term bearish trend.
     • Using both together focuses on names that are not just pulling back briefly, but are likely in a more established downward trend across multiple time frames.

2. rsi_category: ['moderate', 'oversold']

   • Purpose: Ensure the stocks show weak or depressed momentum, consistent with a downtrend.
   • Rationale:
     • Moderate RSI (typically mid‑30s to mid‑50s) can reflect ongoing weakness without being extremely stretched.
     • Oversold RSI (generally below ~30) often occurs in strong, persistent downtrends.
     • Including both avoids only catching extreme washouts while still biasing heavily toward stocks where sellers have been in control.

3. month_price_change_pct: {'max': '-10'}

   • Purpose: Require that the stock has dropped significantly over the past month.
   • Rationale:
     • A maximum of -10% means the screen only returns stocks that are down at least 10% (or more) over the last month.
     • This confirms that price has actually moved lower recently, not just dipped slightly around flat levels, aligning directly with “currently in a downward trend.”

4. list_exchange: ['XNYS', 'XNAS', 'XASE']

   • Purpose: Limit results to well-regulated, major U.S. exchanges (NYSE, Nasdaq, NYSE American).
   • Rationale:
     • Ensures more liquid, established names, where price trends and indicators (RSI, moving averages) are more reliable and less driven by illiquidity or erratic trading.

5. is_optionable: 'True'

   • Purpose: Only include stocks that have listed options.
   • Rationale:
     • From your previous messages, you trade options (buying calls/puts), so this filter makes sure every result is something you can actually trade with your preferred instruments.
     • It doesn’t define the downtrend itself, but it makes the results practically tradable for your style.

Why Results Match Your Question (“any stocks currently in a downward trend?”)

• The combination of price below both the 20-day and 200-day moving averages targets stocks in confirmed short‑ and long‑term downtrends, not just minor pullbacks.
• The RSI filters (moderate/oversold) ensure momentum is weak or negative, which is characteristic of continuing downward pressure.
• The monthly price change cap at -10% directly enforces that the stock has already moved materially lower recently, matching “currently in a downward trend” rather than just slightly off highs.
• Restricting to major U.S. exchanges and optionable stocks tailors the results to names you can realistically trade, using the straight call/put buying approach you described.