Overbought and Oversold Markets – February 1

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price moves. The RSI moves between zero and 100 and is considered overbought with a reading above 70 and oversold when below 30.  Note the RSI can sustain an overbought (oversold) reading in a strong up (down) trend.

WIR_Overbought(click here if chart is not observable)

This entry was posted in Overbought Markets and tagged , , , , , . Bookmark the permalink.

4 Responses to Overbought and Oversold Markets – February 1

  1. Pingback: U.S. Equity Sector ETF Weekly Performance | The Big Picture

  2. Pingback: Monday links: bogus betting bans - Abnormal Returns | Abnormal Returns

  3. You should clarify though that you are referring to the price of Yen in USD that is overbought, making the Yen itself extremely oversold.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.