The Bargain Hunter Signal
RSI(2) below 5 while price above SMA200. Extreme oversold in uptrend - buying the dip.
What does the Bargain Hunter signal detect?
Bargain Hunter flags the most extreme short-term oversold condition the scanner measures: a 2-period RSI under 5 while the stock still trades above its 200-day moving average. In plain terms, a violent multi-day flush inside an intact long-term uptrend.
How does Signal52 compute Bargain Hunter?
The pipeline computes the 2-day RSI from daily closes and requires it below 5, a level reached only after consecutive sharp down days, while the close remains above the 200-day SMA. The trend filter is mandatory; deep oversold without it does not fire.
How should you read a Bargain Hunter signal?
RSI(2) below 5 in an uptrend is one of the oldest and most studied mean-reversion setups, and it carries a positive backtested edge here. Expect it to fire on ugly days, since that is what creates the condition. It is a dip-buying signal with a defined character: fast, uncomfortable, and usually resolved within days rather than weeks.
Action Signals in the Elite Score: Action signals are timing patterns: breakouts, volume events, momentum turns, confirmed entries. They answer whether something is happening right now. An Action trigger on a stock with strong DNA is the combination the Elite Engine is built to surface.
Which stocks show Bargain Hunter today?
159 of 1,292 screened stocks show Bargain Hunter as of . The top 15 by Elite Score are below.
| Symbol | Elite Score | Price | Change |
|---|---|---|---|
| CCSI | 4.2 | 35.97 | -3.67% |
| ANF | 4.0 | 164.17 | -0.16% |
| ATRC | 4.0 | 59.88 | -2.24% |
| BSVN | 4.0 | 58.64 | +0.02% |
| RIGL | 4.0 | 50.53 | -1.52% |
| BLCO | 3.8 | 20.01 | +0.05% |
| ARX | 3.5 | 19.81 | -0.05% |
| ANIK | 3.2 | 19.41 | -7.35% |
| ARLP | 3.2 | 26.29 | -1.54% |
| AUPH | 3.2 | 16.14 | -3.06% |
| BLLN | 3.2 | 110.41 | -2.57% |
| BVS | 3.2 | 13.15 | -1.31% |
| CDW | 3.2 | 150.59 | -2.08% |
| A | 2.8 | 171.99 | -1.65% |
| AAPL | 2.8 | 338.32 | -1.83% |