Setup swing trade

How the Screening Filters Relate to Your Request

Your original request was very specific: “Set up a swing trade for RVPH.”
That’s about one ticker, not a stock search.

The screener your colleague built is designed to find other stocks with a similar technical and fundamental profile to RVPH—so you can identify RVPH-like swing-trade setups (cheap, oversold U.S. biotechs in downtrends that might be setting up for a bounce).

Below is how each filter ties back to RVPH and swing trading in general.

Screening Filters

1. Price: 0.1–1

   • Purpose: Focus on very low-priced (“penny”) stocks similar to RVPH’s current price range (~$0.20).
   • Rationale:
     • RVPH is currently trading well under $1, so this range captures stocks with similar volatility and risk profile.
     • Sub-$1 names often have sharp percentage moves, which is exactly what many swing traders look for.
     • It also excludes larger, slower-moving names where the price action and risk profile would be very different from RVPH.

2. RSI Category: oversold

   • Purpose: Capture stocks with RSI in oversold territory, like RVPH (RSI ~24).
   • Rationale:
     • In your prior analysis, RVPH was highlighted as oversold, making it a potential mean-reversion / bounce candidate.
     • Swing traders frequently target oversold conditions as a setup for short-term rebounds.
     • This filter ensures screened stocks share that same technical condition as RVPH: downside momentum that may be stretched.

3. Moving Average Relationship: PriceBelowMA20, PriceBelowMA60, PriceBelowMA200

   • Purpose: Find stocks that are in a clear downtrend, trading below short-, medium-, and long-term moving averages—just like RVPH.
   • Rationale:
     • In the prior analysis, RVPH was below all major moving averages, reinforcing a bearish trend but also creating potential for sharp relief rallies.
     • Price below the 20-day MA → near-term weakness / selling pressure.
     • Price below the 60-day MA → medium-term downtrend.
     • Price below the 200-day MA → long-term downtrend.
     • Swing traders often hunt in these conditions for oversold bounces, especially when combined with an oversold RSI.

4. Sector: Healthcare

   • Purpose: Restrict results to the same broad sector as RVPH.
   • Rationale:
     • RVPH is a healthcare stock. Sector behavior can be similar due to macro drivers, regulation, and capital flows.
     • Healthcare, especially biotech, tends to be news-driven and volatile, which suits swing trading styles.
     • Keeping the same sector anchors the screener to RVPH’s risk and catalyst environment.

5. Industry: Biotechnology & Medical Research

   • Purpose: Narrow further to biotech/medical research, RVPH’s exact industry group.
   • Rationale:
     • Biotech names like RVPH often exhibit binary-event risk (trial results, FDA news) and large price swings, ideal for short-term trades if managed carefully.
     • This filter ensures you’re not just in healthcare in general but in RVPH’s specific niche, where price behavior, volatility, and catalysts are comparable.

6. Region: United States

   • Purpose: Limit to U.S.-listed companies.
   • Rationale:
     • RVPH is U.S.-listed; U.S. markets typically have better liquidity, tighter spreads, and more reliable data than many smaller foreign exchanges.
     • Regulatory environment and trading hours are consistent, which is important for managing swing entries/exits.

7. List Exchange: XNAS, XNYS, XASE

   • Purpose: Focus on major U.S. exchanges: NASDAQ, NYSE, and NYSE American.
   • Rationale:
     • RVPH trades on NASDAQ. Similar exchanges give comparable liquidity, order execution, and listing standards.
     • Excluding OTC and very illiquid venues reduces the risk of untradable gaps, huge spreads, or execution issues, which are critical for swing trading.

Why These Results Match Your Intent

• You asked for help setting up a swing trade in RVPH.
• The screener cannot “set up a trade” directly for one ticker, so instead it recreates RVPH’s technical and fundamental profile (cheap, oversold, below MAs, U.S. biotech) to:
  • Find other candidates with similar swing-trade characteristics, and
  • Help you understand what kind of setup RVPH represents in a broader universe.

In short:

• Price filter mirrors RVPH’s low price and volatility.
• RSI and moving-average filters match RVPH’s oversold, downtrending technical setup—common swing-trade pattern.
• Sector/industry/region/exchange filters ensure you’re looking at RVPH-like U.S. biotech names with comparable trading conditions and risk.

If you want, I can next translate this into a practical swing-trade plan template (entry trigger, stop-loss, profit targets, position sizing) that you can apply directly to RVPH and to similar names returned by this screener.