Global Trend Indicators, Overbought/Oversold Markets
Posted By Barry Ritholtz On March 4, 2013 @ 6:00 am In Technical Analysis,Think Tank | No Comments
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(click here [3] if tables are not observable)
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The Relative Strength Index (RSI) [4] 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.
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(click here [6] if chart is not observable)
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2013/03/global-trend-indicators-overboughtoversold-markets-2/
URLs in this post:
[1] Image: http://macromon.wordpress.com/2013/03/02/global-trend-indicators-92/wir_global-trend-61/
[2] Image: http://macromon.wordpress.com/2013/03/02/global-trend-indicators-92/wir_equity_ma-52/
[3] here: http://macromon.wordpress.com/2013/03/02/global-trend-indicators-92/
[4] Relative Strength Index (RSI): http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi
[5] Image: http://macromon.wordpress.com/2013/03/02/overbought-and-oversold-markets-march-1/wir_overbought-11/
[6] here: http://macromon.wordpress.com/2013/03/02/overbought-and-oversold-markets-march-1/
Click here to print.