Technology with bearish signals

Screening Filters

1. Sector = Technology

   • Purpose: Restrict results to technology companies.
   • Rationale: Your request is specifically for “technology sector stocks,” so this filter ensures we only look at firms classified in the Technology sector, excluding financials, healthcare, industrials, etc. It keeps the universe aligned with your sector focus.

2. List Exchange = XNYS, XNAS, XASE (NYSE, NASDAQ, NYSE American)

   • Purpose: Limit stocks to major US exchanges.
   • Rationale: You asked for stocks in the “US market.” These three exchanges cover the vast majority of US-listed, actively traded technology stocks. This avoids OTC or foreign-listed names that might not fit your “US market” requirement or may have lower liquidity.

3. Moving Average Relationship = PriceBelowMA20

   • Purpose: Capture short-term bearish price action.
   • Rationale: When the current price is below the 20-day moving average, it typically signals short-term weakness or downward momentum. Traders often view this as a near-term bearish indication that the recent trend has turned negative or is under pressure.

4. Moving Average Relationship = PriceBelowMA200

   • Purpose: Capture long-term bearish trend bias.
   • Rationale: The 200-day moving average is a widely used gauge of the long-term trend. If price is below the 200-day MA, the stock is generally considered to be in a longer-term downtrend or bear phase. Combining this with price below the 20-day MA means the stock is weak both in the short and long term—strong evidence of a bearish setup.

5. RSI Category = Moderate

   • Purpose: Focus on stocks with bearish signals that are not in extreme oversold territory.
   • Rationale: A “moderate” RSI (typically neither very high nor extremely low) suggests the stock is weak or sliding but hasn’t yet reached panic-level oversold conditions. This is useful if you want bearish indications without screening only for extreme capitulation, which can sometimes precede sharp bounces. It gives you stocks that are trending bearishly but not at technical exhaustion points.

6. Month Price Change % = max -5

   • Purpose: Ensure recent negative performance over the last month.
   • Rationale: Setting a maximum of -5% (i.e., price has fallen at least around 5% or more over the past month) filters for stocks that have actually moved down in price recently, not just those sitting under moving averages due to older price action. This confirms that bearishness is current, not just historical.

Why Results Match

• All stocks are technology sector names on major US exchanges, directly matching your market and sector criteria.
• Price below both 20-day and 200-day moving averages indicates weakness in both short-term momentum and long-term trend—classic technical signs of a bearish setup.
• A negative one-month price change confirms that the bearish trend is recent and active, not just a leftover from older declines.
• A moderate RSI focuses on stocks showing weakness without being in extreme oversold territory, which aligns with identifying bearish conditions rather than only catching potential reversal extremes.

Together, these filters systematically target US technology stocks that are currently exhibiting clear, multi-timeframe bearish technical signals.