RSI > 40

Screening Filters

1. rsi_category: ['moderate', 'overbought']
   • Purpose: Include stocks whose Relative Strength Index (RSI) falls into either:
     • Moderate RSI range
     • Overbought RSI range
   • Rationale:
     • In most RSI-based categorizations:
       • Moderate ≈ RSI between 30 and 70
       • Overbought ≈ RSI above 70
     • You asked for RSI greater than 40.
     • All overbought stocks (RSI > 70) clearly meet this condition.
     • The moderate bucket includes RSI from about 30–70, so it captures all stocks with RSI 40–70, but also includes some with RSI between 30–40 (which are slightly below your requested threshold).

Why Results Match (and Where They Don’t Exactly):

• We do not support setting an exact numeric RSI threshold (e.g., “RSI > 40”) in this screener; instead, we work with RSI categories like “moderate” and “overbought.”
• To approximate your request:
  • We included “overbought”: these stocks have RSI well above 40, satisfying your condition.
  • We included “moderate”: this ensures we don’t miss stocks with RSI in the 40–70 range, which are exactly in line with your request.
• The trade-off:
  • You will also see some stocks with RSI between 30 and 40 because they fall in the same “moderate” category, even though they are just below your >40 cutoff.
• Despite not being able to filter on “RSI > 40” precisely, this category-based approach is an effective way to:
  • Capture all clearly strong-momentum names (overbought, RSI > 70)
  • Capture most stocks in the 40–70 RSI range that you’re targeting.