Stocks on rsi 30

Screening Filters

1. rsi_category = oversold

   • Purpose: Finds stocks whose Relative Strength Index is at or below the oversold threshold, which is the closest match to “RSI 30.”
   • Rationale: In technical analysis, RSI 30 is commonly used as the oversold cutoff. So this filter targets stocks that are currently weak on momentum and may be trading near or below that level.

2. is_index_component = NDX

   • Purpose: Restricts the search to Nasdaq-100 constituents, which is the standard universe behind QQQ.
   • Rationale: QQQ tracks the Nasdaq-100, so filtering for NDX components ensures the results come from the correct stock universe and not from outside QQQ’s holdings.

Why the Filters Work Together

• The user wants stocks in the QQQ universe that are currently on RSI 30.
• NDX membership narrows the universe to the relevant QQQ constituents.
• Oversold RSI then identifies the names that are at or around the RSI 30 level.
• Together, these filters efficiently isolate Nasdaq-100 stocks that are technically oversold, which is what the user is asking for.

Verification vs. User Request

• The filters do match the request well.
• “RSI 30” is typically represented by an oversold RSI filter, so even if the system does not support an exact “RSI equals 30” setting, this is a practical and standard approximation.
• The QQQ universe is represented by NDX index components, which is appropriate because QQQ tracks the Nasdaq-100.