In this analysis, ETMarkets examines the recent decline in Relative Strength Index (RSI) for 10 stocks, shedding light on the importance of RSI in assessing stock movements.
On September 25, Monday, StockEdge identified 26 stocks with a declining Relative Strength Index (RSI). ETMarkets has selected 10 of these stocks for a closer look. This article dives into the importance of RSI and why it s vital for assessing stock movements.
In this article, we ll explore what it means for a stock to be overbought, why the Relative Strength Index (RSI) is a vital tool for assessing stock movement, and we ll take a closer look at ten stocks selected from a list of over 70 that were trading in an overbought zone, as reported on September 4, Monday, by StockEdge.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It provides a numeric value that ranges from 0 to 100, helping investors identify overbought and oversold conditions in a stock. Here s a quick rundown of RSI s utility: