Oversold securities with high upside

Screening Filters & Rationale

1. Relative Volume (min: 2):

   • Purpose: Identify securities with trading activity at least twice the average volume.
   • Rationale: High relative volume often indicates increased investor interest, which can signal potential price movement.

2. Beta (LowRisk):

   • Purpose: Focus on securities with low beta to minimize volatility.
   • Rationale: Low-beta securities are less volatile, aligning with a risk-averse approach while seeking upside potential.

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

   • Purpose: Ensure liquidity by selecting securities with a high weekly turnover.
   • Rationale: High turnover ensures ease of entry and exit, reducing the risk of illiquid positions.

4. RSI 14 (max: 35):

   • Purpose: Identify oversold securities based on the Relative Strength Index.
   • Rationale: An RSI below 35 suggests the security is oversold and may be poised for a rebound.

5. Target Price Upside Potential (MoreAbovePrice):

   • Purpose: Focus on securities with significant upside potential based on target price.
   • Rationale: A higher target price relative to the current price indicates potential for substantial returns.