RSI below 30 — oversold condition for potential bounce.
Stocks matching this pattern right now appear in the list. Select one to see its chart and backtested strategy performance.
Part of Oversold Stocks Today
9 stocks matching now.
RSI(14) is calculated as 100 minus (100 divided by 1 plus the ratio of average gains to average losses over the last 14 bars). A reading below 30 means average losses have significantly outpaced average gains over the last 14 bars — a persistent selling imbalance. on the Daily timeframe, this condition requires 14 bars of price data. The screen does not require RSI to have just crossed below 30; it flags stocks currently sitting in the sub-30 range regardless of how long they have been there. Stocks with RSI readings below 20 are deeper extremes but not separately filtered here.
Weekly RSI below 30 is a structural condition, not a timing signal. The key distinction: stocks that are temporarily oversold due to broad market selloffs tend to bounce when sentiment recovers; stocks oversold because of fundamental deterioration may stay below 30 indefinitely while the business declines. This screen cannot make that distinction. The failure mode for mean-reversion trades is the latter scenario — buying a stock in a fundamental downtrend and watching it grind lower with RSI staying below 30 for months. Position traders using this screen typically require a fundamental catalyst or price-action reversal confirmation before entering. On shorter timeframes, sub-30 RSI is a faster, noisier signal. For a bounce already in progress, see RSI Oversold Bounce. For a compound capitulation signal with volume and body confirmation, see RSI Oversold Bounce + Capitulation.
Educational references. Videos may not match this screen's exact filters.
This screener finds stocks where the Relative Strength Index is currently below 30 on the Daily chart — a statistically oversold condition indicating recent selling has been disproportionately fast relative to the prior 14 weeks. RSI below 30 is one of the most widely tracked oversold signals in technical analysis, used across trading styles and timeframes. Position traders use the weekly version to identify multi-week or multi-month oversold conditions with potential for significant bounces; swing traders use it to flag candidates for staged re-entry.
How did this screen perform on a specific stock? Pick any stock to see backtested exit strategies.