RSI crossing above 30 after a 70%+ red-candle stretch (last 10 bars) with at least one high-volume and large-body candle in that window.
Stocks matching this pattern right now appear in the list. Select one to see its chart and backtested strategy performance.
Four filters must simultaneously be true. First, RSI(14) crosses above 30 — the Relative Strength Index rises from below 30 to above it on the current bar. Second, more than 70% of the last 10 bars were red (close below open), meaning at least 7 of 10 recent candles sold off. Third, volume exceeded 1.3x the 20-period average in at least one of those 10 bars, confirming real selling participation rather than low-liquidity drift. Fourth, the candle body was more than 40% of ATR(14) — the Average True Range — in at least one of those 10 bars, confirming decisive selling pressure rather than narrow, indecisive candles. Together, these four filters identify an RSI bounce out of genuine capitulation context, not just a brief dip below 30.
This is one of the more selective screens in the system; a 2-stock count is normal. Most traders do not enter on the RSI cross bar itself but wait for a confirming close above a nearby resistance level or the first green candle that retests and holds the RSI-30 crossover bar's close. The primary failure mode is a temporary bounce within a sustained downtrend: RSI crosses above 30, spends a few bars recovering, then rolls back below 30 as fundamental selling resumes — the classic dead-cat-bounce scenario. on the 1-Hour timeframe, the setup targets multi-day to multi-week bounce trades; on the 1-Hour, the same structure resolves over hours rather than days. For a simpler version without capitulation qualifiers, see RSI Oversold Bounce. For the five-filter compound extreme, see Capitulation Setup.
Educational references. Videos may not match this screen's exact filters.
This screener finds stocks where a technical capitulation event appears to be resolving: RSI(14) has just crossed back above 30 after a period when more than 70% of the last 10 candles were red, at least one candle had volume exceeding 1.3x the 20-period average, and at least one candle had a body exceeding 40% of ATR(14). It currently matches 2 stocks — reflecting how rarely all four conditions converge. The Relative Strength Index cross back above 30 marks the bounce entry; the other filters qualify the prior selldown as an extreme, high-conviction move rather than a gradual drift. Swing traders and contrarian day traders searching for "RSI capitulation bounce" or "oversold reversal with volume confirmation" are the primary users.
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