An RSI overbought screener for high volume stocks in overbought territory. RSI above 70 may signal a downward reversal
How this screener works
Requires: 20-day RSI > 70, 5-day average volume > 50,000, 5-day MA < current price, and 5-day price change > +5%. The 20-day RSI above 70 indicates excessive buying pressure and a potential pullback. The additional filters — price above its 5-day average and at least 5% gain over 5 days — confirm the overbought reading reflects genuine upward momentum rather than a stagnant high reading. Useful for identifying short candidates or profit-taking opportunities.
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