Overbought and Oversold Markets – March 29

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.

WIR_Overbought

(click here if chart is not observable)

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

4 Responses to Overbought and Oversold Markets – March 29

  1. Pingback: Sunday links: misery loves company - Abnormal Returns | Abnormal Returns

  2. Pingback: Overbought and Oversold / Global Trend Indicators | The Big Picture

  3. Pingback: Overbought and Oversold / Global Trend Indicators - Euro News Cloud

  4. 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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s