Stock Screening with RSI, Shortening MACD Bars, and a Rising 30-Day Average

Summary

This stock screen combines three technical conditions: RSI below 65, a 30-day moving average that is rising, and shrinking MACD histogram bars on a 15-minute chart. The stated rationale is to seek shares with a longer-term upward bias and a possible easing of short-term downside momentum, while RSI filters out readings considered too strong. It is a screening rule, not a complete entry, exit, or portfolio strategy.

The document provides formula references and illustrative Python logic, but no backtest, performance results, or evidence that the conditions predict returns. Its code also mixes daily and intraday data in ways that may not match the stated rule, and the moving-average check appears to test whether price is below the average rather than whether the average is rising. The article itself notes that technical signals can interact, that results may vary by market phase and sector, and that ignoring company fundamentals is a limitation. It suggests adding other indicators, volume and price analysis, and fundamental or industry filters.

Key ideas

• The screen requires RSI below 65 and a rising 30-day moving average.
• It also looks for shortening MACD histogram bars on a 15-minute chart.
• The rule combines a longer-term trend filter with short-term momentum conditions.
• The document supplies example formulas and code but reports no performance testing.
• It warns that technical-only selection may overlook company quality and vary across sectors or market phases.

Tags

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