RSI below 30

Screening Filters & Rationale

1. Market Cap >= $1 billion:

   • Purpose: Focus on larger, more established companies.
   • Rationale: Larger companies typically offer greater stability and liquidity, aligning with risk management goals.

2. Beta = High Risk:

   • Purpose: Target stocks with higher volatility.
   • Rationale: High-beta stocks can provide greater potential returns, suitable for risk-tolerant investors.

3. Weekly Average Turnover >= $1 million:

   • Purpose: Ensure sufficient trading volume for liquidity.
   • Rationale: High turnover reduces the risk of illiquidity and ensures ease of entry/exit.

4. RSI (14) <= 30:

   • Purpose: Identify oversold stocks.
   • Rationale: RSI below 30 suggests potential undervaluation or a buying opportunity.

5. Monthly Price Change <= -10%:

   • Purpose: Highlight stocks experiencing significant recent declines.
   • Rationale: A sharp price drop may indicate a potential rebound or value opportunity.