Oversold stocks

Screening Filters

1. RSI Category: Oversold

   • Purpose: To identify stocks that are currently in the "oversold" category based on the Relative Strength Index (RSI).
   • Rationale: RSI is a momentum oscillator that measures the speed and change of price movements. A stock is considered "oversold" when its RSI falls below a certain threshold (commonly 30), indicating that it may be undervalued or due for a potential rebound. This directly aligns with the user's query for oversold stocks.

2. Weekly Average Turnover: Minimum $1,000,000

   • Purpose: To ensure that the screened stocks have sufficient liquidity and trading activity.
   • Rationale: Stocks with a higher average turnover are more liquid, meaning they can be bought or sold more easily without significantly impacting the price. This filter ensures that the results are practical for trading and not illiquid stocks that may be difficult to act on.

3. Market Cap: Minimum $1,000,000,000

   • Purpose: To focus on larger, more established companies with a market capitalization of at least $1 billion.
   • Rationale: Larger-cap stocks tend to be more stable and less prone to extreme volatility compared to smaller-cap stocks. This filter helps narrow the results to oversold stocks that are part of well-established companies, reducing the risk of including highly speculative or micro-cap stocks.

Why Results Match:

• The RSI Category: Oversold filter directly addresses the user's query by identifying stocks that are currently in an oversold condition, which may present potential buying opportunities.
• The Weekly Average Turnover filter ensures that the results are actionable by focusing on stocks with sufficient trading volume, making them easier to trade.
• The Market Cap filter narrows the results to larger, more stable companies, which are generally more reliable and less risky for investors.

By combining these filters, the screener provides a list of oversold stocks that are liquid, actionable, and belong to well-established companies, aligning with the user's request while maintaining a practical and risk-conscious approach.