The stock market showcased significant movements as several stocks rose above their 100-day Simple Moving Average (SMA) on August 28, a pivotal technical indicator.
Crossing the 50-day SMA is a noteworthy technical milestone that provides insights into potential shifts in investor sentiment and the underlying strength of these stocks.
RSI is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is typically used to identify overbought and oversold conditions in a stock
The RSI is a momentum oscillator that measures the speed and change of a stock s price movements. RSI values range from 0 to 100, with readings above 70 indicating overbought conditions, and readings below 30 indicating oversold conditions.