 "Markets, Investors, Indices, Stocks")
The Relative Strength Index (RSI) is a momentum indicator that assists in determining the underneath strength of a stock. In other words, it helps to measure the magnitude of recent change in prices to evaluate overbought and oversold conditions. This indicator was invented by J. Welles Wilder Jr., and over the decades, several analysts have acknowledged the significance of RSI in making sound investment decisions.
The indicator is plotted on 0 -100 scale, with value above 70 is considered as overbought and below 30 as oversold. As stocks enter overbought positions on RSI, the traders and investors intent to
The indicator is plotted on 0 -100 scale, with value above 70 is considered as overbought and below 30 as oversold. As stocks enter overbought positions on RSI, the traders and investors intent to
