What stocks are not overbought

Screening Filters

1. rsi_category: ['moderate', 'oversold']

   • Purpose: To find stocks that are not in an overbought technical condition.
   • Rationale:
     • “Overbought” is most commonly defined using the Relative Strength Index (RSI).
     • Typically:
       • Overbought: RSI high (e.g., > 70)
       • Moderate/Neutral: Mid-range RSI (e.g., 40–60 or similar band)
       • Oversold: RSI low (e.g., < 30)
     • By explicitly choosing only ‘moderate’ and ‘oversold’ RSI categories, the screener:
       • Excludes stocks that are flagged as “overbought”
       • Includes stocks that are either:
         • trading in a healthy, non-stretched range (moderate), or
         • potentially beaten down and due for a rebound (oversold)
     • This directly answers your request: “stocks in the US market that are not overbought.”

2. list_exchange: ['XNYS', 'XNAS', 'XASE']

   • Purpose: To restrict results to major U.S. stock exchanges.
   • Rationale:
     • XNYS = New York Stock Exchange (NYSE)
     • XNAS = Nasdaq
     • XASE = NYSE American (formerly AMEX)
     • Your question explicitly refers to the US market, so limiting to these three exchanges:
       • Removes foreign listings and OTC names
       • Keeps results aligned with the main U.S. equity markets that most traders and investors focus on.

Why Results Match Your Request

• You asked for US stocks that are not overbought:
  • “Not overbought” is operationalized using RSI, which is the standard technical indicator for identifying overbought/oversold conditions.
  • By selecting only RSI categories ‘moderate’ and ‘oversold’, the screener explicitly filters out overbought names.
• Limiting exchanges to XNYS, XNAS, XASE ensures all results are U.S.-listed stocks, matching your “US market” requirement.

So the filters used do match your intent, even though you didn’t name RSI directly—they implement the “not overbought” condition through a widely accepted technical measure.