To find oversold stocks, filter for RSI (14) below 30. To avoid most falling knives, add a second condition: price still above its 200-day moving average. That combination finds stocks that dropped hard inside a longer uptrend, which is the setup most pullback traders actually want.
Last updated: October 2026.
What RSI measures
The Relative Strength Index compares the size of recent up days with recent down days over 14 sessions and scales the result from 0 to 100.
- Below 30: the stock has fallen sharply and is conventionally called oversold.
- Above 70: it has risen sharply and is conventionally called overbought.
- Around 50: no strong short-term direction.
RSI says how fast a stock moved, not whether it is cheap. A company can stay oversold for weeks if the news is bad.
The screen, step by step
- Choose your markets. For Europe, select the exchanges you want (XETRA, Euronext Paris and Amsterdam, BME, Borsa Italiana, SIX, LSE, Nasdaq Nordic and others).
- Set RSI (14) to a maximum of 30.
- Turn on Above SMA 200 to keep stocks whose price is still above the 200-day average.
- Set a minimum market cap (for example 100 million euros) to skip illiquid names.
- Sort by market cap or by volume ratio to see the most tradable ideas first.
You can open this screen directly and change any value. The indicators come from end-of-day prices, so treat the list as a daily watchlist, not an intraday signal.
Oversold with and without the trend filter
| Version | What it finds | Main risk |
|---|---|---|
| RSI < 30 only | Every sharp drop, including broken businesses | Falling knives, news-driven crashes |
| RSI < 30 and above SMA 200 | Sharp drops inside a longer uptrend | Fewer results, some trend breaks |
| RSI < 30 and below SMA 200 | Stocks in a downtrend that are stretched | Highest risk, needs a catalyst |