Screening for Low RSI, Seven Declining Sessions, and a Recent Limit-Up

Summary

This Chinese equities screen combines three conditions: RSI below 65, seven consecutive declining sessions, and at least one limit-up event within the past month. The article frames the RSI and losing streak as signs of recent weakness, while the prior limit-up is used as a marker of active market interest. It includes a Python example that loops over stocks and checks RSI, recent price history, and consecutive sessions where the close is no higher than the open.

The article warns that the screen excludes company financials and broader market direction, and that a recent limit-up may reflect a temporary price spike. It recommends considering fundamentals, industry leaders, market conditions, and additional technical measures. No backtest or return evidence is supplied. The code’s lookback dates and data checks also need scrutiny before use: the six-session checks do not fully implement the stated seven-session rule, and the code’s limit-up proxy should be verified against the intended market definition.

Key ideas

• The stated screen requires RSI below 65 and seven declining sessions.\nIt also requires a limit-up event in the preceding month.\nThe example code checks only six consecutive sessions, so it does not match the stated rule exactly.\nThe article flags missing fundamentals, market context, and the risk of a temporary price spike.\nNo backtest evidence is presented.

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