Screening Stocks with a Rising 30-Day Average and RSI Below 65

Summary

This stock-selection rule requires a 14-period RSI below 65, more than one year since listing, and a rising 30-day moving average. The article presents these filters as a way to find shares with moderate RSI readings and an improving price trend. It also shows additional market-board and circulating-share conditions in its indicator example, while its Python example applies market-capitalization bounds.

The article cautions that technical filters alone ignore company fundamentals and broad market direction, so qualifying stocks can still fall or remain volatile. It suggests incorporating fundamental inputs and potentially machine-learning methods, but gives no details for doing so. Although formula and code examples are included, there are inconsistencies between the stated listing-age condition and its indicator expression, as well as between the different examples' extra filters. No backtest, benchmark, or return evidence is reported, so the document describes a screening recipe rather than a validated strategy.

Key ideas

• The core screen combines RSI below 65, a listing age over one year, and a rising 30-day average.
• The article identifies market direction and company fundamentals as omitted sources of risk.
• Its formula and code examples add different filters and do not align fully with the stated rule.
• No measured performance or backtest is presented.

Tags

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