Overbought and Oversold Markets – March 22

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.

Click chart to enlarge.


(click here if chart is not observable)

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

2 Responses to Overbought and Oversold Markets – March 22

  1. Pingback: Sunday links: jack-of-all-trades time - Abnormal Returns | Abnormal Returns

  2. Pingback: Monday reads & daily charts …. « Fusion Blog

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.