Screening Stocks by Amplitude, Convertible Bond Status, and RSI
Summary
The document describes a stock screen requiring daily price movement above a stated amplitude threshold, a nonempty name for an outstanding convertible bond, and an RSI reading below 65. It presents the bond condition as a possible signal of corporate incentives to support share stability, while RSI is used to identify stocks that may be at a relatively low technical level. Example formula and Python snippets are included, along with suggestions to add other technical and fundamental filters.
No backtest, return data, or evidence is provided to support the proposed rationale or show that the screen identifies stocks with upside. The post acknowledges that the conditions may overlook broader market forces and fundamentals, and that a short-term technical focus can bring volatility. Its implementation examples also warrant scrutiny: the descriptions and code may not consistently calculate the same conditions, and the bond data lookup and RSI calculation are not explained in enough detail to validate them.
Key ideas
- The proposed screen combines price amplitude, outstanding convertible-bond status, and RSI below 65.
- The post interprets convertible-bond obligations as a possible incentive for a company to support share stability.
- It suggests combining the screen with additional technical and fundamental measures.
- No backtest or performance evidence is given for the proposed selection logic.
- The example code and data calculations need validation before the screen can be relied on.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.