An RSI oversold screener for high volume stocks in oversold territory. RSI below 30 may signal an upward reversal
How this screener works
Requires: 20-day RSI < 30, 5-day average volume > 50,000, 5-day MA > current price, and 5-day price change < -5%. The 20-day RSI (not the standard 14-day) measures recent price momentum on a 0-100 scale. Readings below 30 indicate excessive selling pressure and a potential rebound. The additional filters — above-average volume, price below its short-term average, and at least 5% decline over 5 days — ensure the oversold condition is genuine and not just low-volatility drift.
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