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Screening Filters

1. RSI Category: ['Oversold']

   • Purpose: To identify stocks that are currently in an oversold condition based on the Relative Strength Index (RSI).
   • Rationale: An RSI value below 30 typically indicates that a stock is oversold, which could signal a potential buying opportunity if the stock is poised for a reversal. This aligns with the user's interest in identifying stocks with favorable entry points based on technical indicators.

2. Weekly Average Turnover: {'min': '1000000'}

   • Purpose: To filter for stocks with a minimum weekly average turnover of $1,000,000.
   • Rationale: High turnover indicates liquidity, which is crucial for executing trades efficiently without significant price impact. This ensures that the selected stocks are actively traded and suitable for analysis and trading strategies.

3. Moving Average Relationship: ['PriceBelowMA20']

   • Purpose: To find stocks where the current price is below the 20-day moving average.
   • Rationale: A price below the 20-day moving average can indicate that a stock is undervalued or in a short-term downtrend, which may present a buying opportunity if other indicators suggest a potential reversal. This complements the user's focus on identifying stocks with potential for higher returns.

Why Results Match:

• The filters collectively aim to identify stocks that are oversold (RSI < 30) and trading below their 20-day moving average, which aligns with the user's interest in finding stocks with potential for a rebound or reversal.
• The inclusion of a liquidity filter (weekly average turnover > $1,000,000) ensures that the selected stocks are actively traded, making them more practical for implementing trading strategies and reducing the risk of illiquidity.
• These filters provide a systematic approach to screening stocks that meet the user's criteria for potential buying opportunities, while also ensuring that the stocks are suitable for further analysis and trading.