Current bullish rsi divergences

Screening Filters

1. rsi_category: oversold
   • Purpose: Select stocks whose Relative Strength Index (RSI) is currently in the “oversold” zone (typically RSI ≤ 30).
   • Rationale:
     • Bullish RSI divergences usually occur near the end of a down move, when momentum is washed out and RSI is low.
     • By filtering for oversold RSI, we focus on names where price has been under pressure and a potential momentum reversal could be forming—this is precisely the environment in which bullish divergences tend to appear.

Why Results Match (and Where They Don’t):

• Your request is for “current bullish RSI divergences”, which is a very specific pattern:

  • Price makes a lower low
  • RSI makes a higher low at the same time (bullish divergence)

• Our current screener does not directly support RSI divergence detection (it can’t compare current vs prior price/RSI lows to confirm divergence). Because of that, we cannot explicitly screen only for bullish RSI divergences.

• Instead, we use RSI oversold as a practical proxy:

  • Oversold conditions are where bullish divergences are most likely to appear.
  • This filter narrows the list to stocks where downside momentum may be stretched and a bullish reversal setup (including potential divergences) is more probable.

So while the filter does not precisely match “bullish RSI divergences,” it is still effective for your goal by focusing on the right part of the market cycle—deeply sold-off names where you can then manually inspect the charts to confirm actual bullish RSI divergences.