
Bullish reversal candidates from this week's close — confirmed reversal candles at oversold RSI on elevated volume (US equities)
Ran my screener for a specific setup over the week's closes: confirmed bullish reversal candlestick patterns, RSI oversold (≤30), on elevated volume (1.5x+ average). The idea is capitulation + a reversal candle + real participation showing up at the same time.
What came through:
- SPXC (SPX Technologies) — Hammer, RSI 26, 1.8x vol, MACD crossed up
- SAFE (Safehold) — Spinning Top, RSI 16, 1.9x vol
- MCHB (Mechanics Bancorp) — Hammer, RSI 24, 1.6x vol
- EXC (Exelon) — Hammer, RSI 26, 1.5x vol
- COUR (Coursera) — Bullish Harami, RSI 30, 2.2x vol
- SMG (Scotts Miracle-Gro) — Piercing Pattern, RSI 26, 1.9x vol
- CMS (CMS Energy) — Bullish Engulfing, RSI 30, 1.8x vol
Oversold doesn't mean exhausted — RSI can stay pinned under 30 while price keeps sliding. So I treat these as watch, not buy: the reversal candle and volume say buyers showed up once; confirmation is price actually following through (close above the pattern high) over the next session or two. No follow-through, no trade.
SAFE (RSI 16) and COUR (2.2x vol) stand out on the extremes. Not advice, just sharing the screen — curious how others filter these, and whether you'd wait for MA reclaim before touching a name that's still below everything.