In an era of dynamic market movements, it s essential to have the right tools in your arsenal. This article uncovers the importance of the Relative Strength Index (RSI) and examines its recent trends, drawing from StockEdge s recent data and ETMarkets highlighted stocks. Get equipped to make informed investment decisions with a deeper understanding of RSI.
On August 7, StockEdge reported that 30 stocks were trending up based on their RSI values. Today, we delve deeper into 10 stocks handpicked by ETMarkets, to explore the significance of rising RSI in their movement. We will also discuss why RSI is a crucial factor for investors when analyzing stocks and making informed investment decisions.
The Golden Crossover is a technical chart pattern that occurs when a stock s shorter-term moving average (e.g., 50-day SMA) crosses above its longer-term moving average (e.g., 200-day SMA)