Oversold stocks whose earnings have not fallen with the price
As each market closes, a screener runs against it looking for names that have been sold down hard. Here are the three most oversold on the US screen from the last run.
Most oversold · US · 10 Oct
All 83 names the US screen turned up today — and the other 9 markets — are in the app.
RSI(14) from the US screen · snapshot taken . The app rescreens every trading day, so these change; a reading under 30 describes momentum, not a forecast.
What “oversold” means here
The Relative Strength Index compares the size of recent gains with recent losses on a scale of 0 to 100. Readings under 30 are conventionally described as oversold. It is a description of momentum, not a forecast — a falling knife can stay under 30 for months.
Why pair it with earnings
A low reading on a company whose business is deteriorating is just an accurate reading. The screen is more interesting when the price has fallen and the fundamentals have not, which is why the app shows both side by side.
Three names from one market, once a day. The full list, the other ten markets we screen, and the daily charts behind each reading are in BuySignal.