Screening Filters
Market Cap: Minimum $1 Billion
- Purpose: To filter for stocks with a market capitalization of at least $1 billion.
- Rationale: This ensures that the results focus on larger, more established companies, which are generally more stable and liquid. It avoids including smaller, more volatile stocks that may not be suitable for many investors.
RSI Category: Oversold
- Purpose: To identify stocks that are currently in the "oversold" category based on their Relative Strength Index (RSI).
- Rationale: RSI is a technical indicator used to measure the momentum of a stock. A stock is considered "oversold" when its RSI falls below a certain threshold (commonly 30), which may indicate that the stock is undervalued or due for a potential rebound. This filter directly addresses the user's request to find oversold stocks.
Why Results Match:
- The RSI Category: Oversold filter directly aligns with the user's query by identifying stocks that are currently oversold according to technical analysis.
- The Market Cap: Minimum $1 Billion filter ensures that the results focus on larger, more established companies, which are often more reliable and less prone to extreme volatility. This makes the results more practical and actionable for most investors.
Together, these filters provide a list of oversold stocks that are also from well-established companies, making the results both relevant and useful for the user's request.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.