Find me stocks that are overbought

Screening Filters & Rationale

1. Market Cap (min: $10 billion):

   • Purpose: Focus on large-cap stocks for stability and reduced volatility.
   • Rationale: Large-cap companies are typically more established and less prone to extreme price swings, aligning with a conservative investment approach.

2. Beta (LowRisk, ModerateRisk):

   • Purpose: Limit exposure to stocks with low to moderate market sensitivity.
   • Rationale: Low or moderate beta ensures reduced risk during market fluctuations, suitable for risk-averse investors.

3. Weekly Average Turnover (min: 1,000,000):

   • Purpose: Ensure liquidity by selecting stocks with high trading volumes.
   • Rationale: High turnover indicates strong investor interest and easier trade execution without significant price impact.

4. P/E TTM (max: 20):

   • Purpose: Identify undervalued or fairly valued stocks based on earnings.
   • Rationale: A low P/E ratio suggests the stock may be undervalued, offering potential for growth while minimizing overvaluation risks.

5. RSI 14 (max: 30):

   • Purpose: Find stocks that are potentially oversold and may be due for a rebound.
   • Rationale: An RSI below 30 indicates oversold conditions, which could present buying opportunities if fundamentals are strong.