Daily RSI above 75 RSI divergence

Screening Filters

1. rsi_category: ['overbought']

   • Purpose:
     To find stocks whose Relative Strength Index (RSI) is in an unusually high zone, indicating strong recent upward momentum and a potential overextension—i.e., “overbought” conditions.

   • Rationale:
     Your request is for:

     • Stocks with a daily RSI above 75
     • Stocks exhibiting RSI divergence

     Our screener does not support:

     • A precise numeric RSI threshold (e.g., >75 on the daily timeframe)
     • RSI divergence detection (comparing price action vs. RSI peaks/troughs)

     Instead, we use a category-based RSI filter, where “overbought” typically corresponds to RSI values above a standard threshold (often around 70 on the chosen timeframe). While this doesn’t guarantee RSI > 75, it:

     • Narrows the universe down to stocks with high RSI values, within which many will have RSI > 75.
     • Focuses on names most likely to show the kind of stretched momentum where divergence often becomes relevant (e.g., price making new highs while RSI fails to confirm).

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

• What matches your intent:

  • The “overbought” RSI category aligns with your desire to find stocks with very strong recent momentum and elevated RSI readings.
  • It is a practical proxy for “RSI above 75,” because it filters for the high-RSI segment of the market, where extreme readings like >75 usually occur.

• What we cannot match exactly:

  • We cannot directly screen for RSI divergence (e.g., price making higher highs while RSI makes lower highs). Our tools don’t support pattern-type conditions that compare indicator and price shapes over multiple points.
  • We cannot enforce RSI > 75 exactly; we only have the “overbought” band, which typically means RSI > 70. Some results may have RSI between 70–75, not strictly above 75.

• Why the applied filters are still effective:

  • By filtering for overbought RSI, we efficiently surface the subset of stocks most likely to:
    • Have RSI values near or above your 75 threshold.
    • Be in the technical conditions where RSI divergences are worth manually checking on a chart.
  • From this narrowed list, you can then:
    • Inspect the exact RSI value (e.g., confirm >75 on a daily chart).
    • Manually verify RSI divergence using a charting platform (looking for price making new highs/lows while RSI does not confirm).

In summary, while we can’t directly screen for RSI > 75 and divergence programmatically, the rsi_category: ['overbought'] filter is the closest available tool. It targets the same high-momentum, stretched conditions you’re interested in, and provides a focused list from which you can visually confirm both the precise RSI level and any divergence.