The Bargain Hunter Signal
RSI(2) below 5 while price above SMA200. Extreme oversold in uptrend - buying the dip.
What it detects
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 Signal52 computes it
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 to read it
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.
Stocks showing Bargain Hunter today
175 of 2,060 screened stocks show Bargain Hunter as of . The top 15 by Elite Score are below.
| Symbol | Elite Score | Price | Change |
|---|---|---|---|
| ALOT | 10.5 | 28.86 | 0.00% |
| UTF | 9.0 | 27.57 | -0.47% |
| TJX | 8.5 | 157.55 | 0.00% |
| HAFN | 7.5 | 7.45 | -2.10% |
| ATAI | 7.0 | 7.18 | 0.00% |
| ILMN | 7.0 | 203.01 | 0.00% |
| AFL | 6.5 | 125.15 | -1.23% |
| BURL | 6.5 | 367.82 | -0.11% |
| BWLP | 6.5 | 21.42 | -2.06% |
| CASY | 6.5 | 850.66 | -1.13% |
| CBOE | 6.5 | 288.42 | -3.16% |
| DHT | 6.5 | 18.14 | -2.10% |
| ESEA | 6.5 | 77.45 | -1.20% |
| GSL | 6.5 | 43.45 | -1.34% |
| MANU | 6.5 | 22.48 | -0.53% |