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Screening Stocks by Turnover, Recent Trading-List Appearance, and RSI

Article SuperMind
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Summary

This short-term stock screen selects shares with turnover between 3% and 12%, an appearance on the previous day’s trading leaderboard, and a 14-period RSI below 65. The document frames turnover and leaderboard appearance as signs of trading activity, while the RSI threshold is intended to filter out more overbought stocks. It includes formula and dataframe examples for applying these conditions.

The screen is presented as a speculative selection method, but the document supplies no backtest, performance figures, or precise entry and exit rules. Its explanation describes the candidates as potentially undervalued, although the listed conditions do not establish value. The author cautions that the method omits company fundamentals and broader market context, and suggests combining RSI with other technical indicators and fundamental measures, then testing across market environments.

Key ideas

  • The screen requires turnover between 3% and 12%, a previous-day leaderboard appearance, and RSI below 65.
  • Turnover and leaderboard appearance are used as measures of recent trading activity.
  • The RSI threshold is intended to exclude stocks considered overbought by this filter.
  • No backtest or performance evidence is given, and the conditions alone do not establish that a stock is undervalued.

Tags

EquitiesChina marketsTechnical indicatorsMomentumRisk management

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