The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to analyze ...
Learn how to measure the magnitude of price changes in 11 minutes Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Investopedia / ...
The RSI is a popular technical indicator used in many trading strategies. Overbought and oversold signals are often considered more reliable when combined with divergences. Where RS is the average ...
RSI = 100 − (100 / (1+3.93)) = 79.7 Since the RSI is above 70, this suggests the stock is in overbought territory, indicating a potential pullback. The RSI is a versatile tool that traders use to ...