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?
213 of 1,665 screened stocks show Bargain Hunter as of . The top 15 by Elite Score are below.
| Symbol | Elite Score | Price | Change |
|---|---|---|---|
| ATKR | 10.5 | 94.32 | -0.16% |
| OFG | 9.5 | 52.50 | 0.00% |
| BHB | 8.0 | 40.05 | -0.72% |
| BZH | 8.0 | 33.32 | -0.03% |
| CON | 8.0 | 35.47 | -0.17% |
| CZFS | 8.0 | 81.35 | -0.36% |
| OSCR | 8.0 | 32.13 | 0.00% |
| ACU | 7.5 | 61.50 | -0.71% |
| BILL | 7.5 | 47.57 | 0.00% |
| ARX | 7.0 | 19.66 | -0.81% |
| CRM | 7.0 | 237.92 | -2.03% |
| RGA | 7.0 | 245.68 | -0.04% |
| AVAH | 6.6 | 13.67 | -2.15% |
| DJCO | 6.5 | 651.53 | -2.23% |
| RNR | 6.5 | 327.12 | 0.00% |