Robot-Concept Stock Screen with RSI, Seven Down Days, and a Market-Cap Limit

Summary

This stock screen combines four filters: robot-concept membership, RSI below 65, seven consecutive bearish sessions, and free-float market capitalization below 10 billion. The note frames the combination as a way to find smaller thematic stocks after a sustained decline while avoiding an RSI reading above its chosen threshold. Its example code describes checking daily gains and losses, concept membership, capitalization, and a 14-day RSI.

No backtest or realized trading evidence is provided, and the screen defines no entry, exit, or holding rules. The document cautions that the robot theme may include companies with limited business relevance, the market-cap cutoff can exclude larger firms, and a declining streak does not reliably forecast a reversal. It suggests adding fundamental and liquidity measures, refining the industry definition, and continuing to review the conditions as markets change.

Key ideas

• The screen selects robot-concept stocks with RSI below 65, seven bearish sessions, and free-float market capitalization below 10 billion.
• The example uses a 14-day RSI and checks whether each of the recent sessions closed at or below its open.
• The document warns that theme classifications can be broad and that a decline does not predict future prices reliably.
• It recommends considering company fundamentals and liquidity in addition to the technical filters.

Tags

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