Search results
Results from the WOW.Com Content Network
The level of the RSI is a measure of the stock's recent trading strength. The slope of the RSI is directly proportional to the velocity of a change in the trend. The distance traveled by the RSI is proportional to the magnitude of the move. Wilder believed that tops and bottoms are indicated when RSI goes above 70 or drops below 30.
An RSI in the higher range — particularly above 70 — shows that a stock has had strong upward price momentum. However, that momentum can often indicate that the stock is overbought.
The levels 70 – 30 or 80 –20 are purely arbitrary. The RSI indicator like most indictors smoothes out prices so that the analyzer can more clearly see the trend. Increasing the length of periods RSI encompasses, smoothes out the volatility, shortening it increases it. To make it useful adjust it so that it fills your graph during normal times.
The position is closed when the oscillator rises above 70 (considered overbought), or a rise above 50 but then a fallback through 45. Ultimate oscillator divergence bullish Ultimate oscillator divergence bearish. A sell signal is generated conversely on a bearish divergence above level 70, to be subsequently closed out below 30 (as oversold).
The stock's price is also above its 200-day simple moving average, which sits at $144.42, a clear sign of sustained momentum. ... The Relative Strength Index (RSI) is at 70.05, suggesting that the ...
For premium support please call: 800-290-4726 more ways to reach us
Relative strength is a ratio of a stock price performance to a market average (index) performance. [1] It is used in technical analysis.. It is not to be confused with relative strength index.
Cryptocurrencies of all sorts charged higher, with bitcoin setting a series of records above $90,000 as traders looked ahead to lighter regulation from the self-appointed "crypto president."