RSI above 70 — overbought condition for potential fade/pullback.
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Part of Overbought Stocks Today
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The Relative Strength Index measures the average magnitude of up-closes versus down-closes over 14 bars, normalized to a 0-to-100 scale. RSI above 70 means average gains over the past 14 bars have significantly outpaced average losses — the recent move has been fast and one-directional. The screen flags stocks where RSI is currently above 70 on any bar, regardless of how long it has been there; it does not require a fresh cross. This makes it a condition screen — "which stocks are currently overbought?" — rather than a crossover event screen like RSI Overbought Fade.
RSI above 70 is necessary but not sufficient for a high-probability fade. In strong trending markets — broad rallies, sector rotations, post-earnings breakouts — RSI can stay above 70 for extended periods, and fading every instance produces losses. The critical context variable is whether the stock is in a trend or a range. In range-bound conditions, RSI above 70 tends to mean-revert reliably; in trending conditions, it often just reflects momentum and not a timing signal for reversal. Primary failure modes: (1) fading trending stocks with valid fundamental catalysts; (2) entering too early before RSI turns — this screen fires while RSI is above 70, not when it crosses below. For the directional turn signal, see RSI Overbought Fade. For VWAP context to assess whether institutional order flow supports the overbought move, see VWAP Reclaim.
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This screener finds stocks where the Relative Strength Index is currently above 70 on the Weekly chart — the standard definition of overbought, signaling recent buying has been disproportionately fast relative to the prior 14 bars. RSI above 70 is one of the most widely referenced overbought signals in technical analysis. Day traders use it to identify overextended intraday moves as potential fade candidates; momentum traders use it as a continuation filter in trending markets. Searches for "RSI overbought stocks today" and "RSI above 70 screener" are the primary entry points.
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