Combining RSI, Profit Growth, and Buying Pressure for Stock Selection

Summary

This short-term stock screen combines a technical condition, a fundamental growth filter, and a buying-pressure measure. It selects shares with an RSI below 65, year-over-year growth in net profit attributable to parent-company shareholders above 20% and no higher than 100%, and a daily control reading above 21. The accompanying discussion frames the RSI condition as a way to find relatively weak stocks with possible rebound potential, while the profit-growth filter seeks profitable companies. It also includes example screening logic and code references.

The post warns that large-buy-order data can be subjective and misread, that market stress can cause sharp moves, and that fundamental figures may be overinterpreted or hyped. It suggests adding indicators such as MACD and testing alternative buying-pressure thresholds. No backtest results or evidence of predictive performance are supplied, and the examples use specific data fields and platform conventions that may need adaptation. The screen is presented as a short-term selection idea, not a validated standalone strategy.

Key ideas

• The screen combines RSI below 65, specified net-profit growth, and a buying-pressure threshold.
• Its rationale pairs possible rebound candidates with positive fundamental growth.
• The post cautions that buying-pressure readings are subjective and fundamentals can be overinterpreted.
• It recommends evaluating additional indicators and alternative buying-pressure cutoffs.
• The document supplies no performance evidence for the screen.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.