This feature selects 18 stocks with a 14-day RSI of 20% or below and a P/B ratio below the market average. The stocks are listed on the Prime Market, and the combination of RSI and P/B is said to indicate potential for an upward move.
In Tokyo trading on the 2nd, the Nikkei 225 fell for the first time in 3 sessions, while position adjustments continued ahead of developments in crude oil prices and interest rates and the release of the US employment report. This feature combines the technical RSI indicator with the P/B ratio based on shareholders' equity, extracting 18 stocks with a P/B ratio below the market average from those with a 14-day RSI of 20% or below.
The selection criteria were an RSI of 20% or below and a P/B ratio below 1.77x. Of the 26 stocks meeting the criteria overall, 18 were selected. Their RSI, P/B and P/E ratios are shown alongside their names.
The selected stocks include Nissan Motor, Aresity, WOWOW, gumie, Chubu Electric Power, TS Holdings, And Do, Kibun Foods, Miyakoshi Holdings, Kyokuto Securities, Tsuruha Holdings, Nagawa, Keihanshin Building, Ariake Japan, Tranvia, Kokuyo, Members and Baroque.
The article ends with a disclaimer stating that the information is provided for reference and as data, and that readers should make their own final decisions regarding trades.