The Relative Strength Index reading has been around 70 lately, considered overbought in the short term.
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The 9-day relative strength index (RSI), seen below the price chart hit 24% on Friday.
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The 9-day relative strength index (RSI) is pointing higher and will support additional near term upside probing.
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The downtrend reversed on October 8, confirmed by rising stochastics and a relative strength index rebounding from oversold territory.
Another tool I have used for many years is the Relative Strength Index (RSI), which was developed by Welles Wilder.
It is also worth noting that as recently as Monday the stock had a two-period relative strength index of more than 97.
But Todd says that that the RSI (Relative Strength Index) is 16, which is incredibly oversold, considering 30 is the oversold threshold.
In gold bulls favor, the market has been under the influence of a positive turn in the 9-day relative strength index since early November.
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For instance, the 14-day Relative Strength Index (RSI) for MA and V peaked above 70 on Wednesday, hinting at the potential for short-term weakness.
With a top in place, Walgreen looks to be overbought as suggested by stochastics over 85 and a relative strength index crossing above 73.
Daily momentum indicators, such as the nine-day relative strength index have turned higher from oversold levels, and will help support corrective rally bounce early this week.
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Over the years, I have observed consistent weekly patterns in the Relative Strength Index (RSI) that are quite useful in determining both intermediate-term tops and bottoms.
By combining two proven indicators, Starc bands and the Relative Strength Index (RSI), traders can gain invaluable confirmation that can help prevent those dreaded, impulsive losing trades.
An upward trending relative strength index (approaching, but not yet in oversold territory), coupled with an ADX line above both DMI lines, indicates Citi has the momentum.
We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
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We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
Using a 4-month chart, a 10-period relative strength index reading of 7 and slow stochastics in deeply oversold territory indicate Hormel could be attractively priced in the current price range.
Stochastics above 90 and a relative strength index just below 85 indicate Apple is severely overbought, and the most recent rally (which began in early February) has come on mostly average-to-low volume.
Its RSI or Relative Strength Index was at 26 on Friday on a scale of 1 to 100 (top portion of the chart) and has rebounded to about 39 on Monday morning.
While the market could continue to rise the indicators that show short-term overbought conditions such as the RSI (Relative Strength Index) and the MACD (Moving Average Convergence Divergence) are both solidly in overbought territory.
One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Corrections Corp is currently priced close to the 10-day exponential moving average (EMA), and upward trending stochastics near 47, in addition to a relative strength index of 40, suggest the stock may be consolidating for a run higher.
Of course, in very strong bull or bear markets, we must rely on technical indicators that can stay with strongly trending markets, as momentum indicators like the Moving Average Convergence Divergence (MACD) indicator or Relative Strength Index (RSI) will top or bottom out well ahead of prices.
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