Daily RSI above 75

Screening Filters

1. rsi_category: ['overbought']
   • Purpose: To find stocks whose daily RSI is in a high (overbought) zone, which typically corresponds to RSI values above the standard overbought threshold (commonly >70).
   • Rationale:
     • Your request is for “Daily RSI above 75”. While the screener does not allow us to set an exact RSI value (e.g., “RSI > 75”), it does allow us to classify stocks into RSI zones.
     • The “overbought” category is the closest available proxy: in most technical frameworks, this means RSI is above 70, often capturing the same type of stretched/overextended conditions you’re targeting when you say “above 75.”
     • By using rsi_category = overbought, we focus on stocks with strong recent upward momentum and potentially stretched price action—exactly the environment where RSI readings like 75+ tend to occur.

Why Results Match (and Where They Differ from Your Exact Request)

• Match to your intent:

  • You want stocks with very high daily RSI. The “overbought” category reliably identifies stocks where RSI is already high, typically above 70 and often near or above 75.
  • This captures the same technical idea: price has run hard to the upside, and momentum indicators are at extreme levels.

• Limitations vs. your exact criteria:

  • Our screener cannot set a numeric RSI threshold like “RSI > 75” on the daily timeframe; it only supports categorical filters such as “overbought / neutral / oversold.”
  • As a result, the filter may include some stocks with RSI > 70 but < 75, not just those strictly above 75.

• RSI divergence (from your previous message):

  • The system also does not support explicit RSI divergence detection (e.g., price making higher highs while RSI makes lower highs).
  • However, starting from the overbought set is still useful: divergence setups often form after a strong move that pushes RSI into overbought territory, so this universe is where you’d typically look for such divergences manually on charts.

In summary, the rsi_category: ['overbought'] filter is the closest supported way to approximate “daily RSI above 75”, narrowing results to stocks with high, potentially extreme RSI readings, even though it cannot enforce the exact 75+ numeric threshold or detect divergence automatically.