Stocks under five dollars with low RSI

Screening Filters & Rationale

1. Market Cap (max: $2 billion):

   • Purpose: Focus on smaller companies with growth potential.
   • Rationale: Smaller market cap stocks often exhibit higher volatility and potential for significant price movements, aligning with speculative investment strategies.

2. Price (max: $5):

   • Purpose: Identify low-priced stocks accessible to investors with limited capital.
   • Rationale: Stocks under $5 are often undervalued or in recovery phases, offering opportunities for high returns.

3. Relative Volume (min: 1.5):

   • Purpose: Ensure stocks have increased trading activity compared to their average.
   • Rationale: High relative volume indicates heightened investor interest, which can signal potential price movements.

4. Weekly Average Turnover (min: 1,000,000):

   • Purpose: Focus on stocks with sufficient liquidity.
   • Rationale: High turnover ensures ease of entry and exit, reducing the risk of price slippage during trades.

5. RSI 14 (max: 30):

   • Purpose: Identify oversold stocks with potential for a rebound.
   • Rationale: A low RSI suggests the stock may be undervalued and poised for a price recovery.