Relative Strength Index (RSI)

RECENT NEWS
The Economic Times  May 3  Comment 
On the upside multiple hurdles are seen at 9,350 and 9,380 levels to start the next leg of rally.
Forbes  Feb 3  Comment 
In trading on Friday, shares of Deckers Outdoor Corp. (NYSE: DECK) entered into oversold territory, hitting an RSI reading of 22.0, after changing hands as low as $45.02 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is...
Forbes  Feb 1  Comment 
In trading on Wednesday, shares of Pitney Bowes Inc (NYSE: PBI) entered into oversold territory, hitting an RSI reading of 22.1, after changing hands as low as $12.78 per share.
Forbes  Jan 23  Comment 
In trading on Monday, shares of Navistar International Corp. (NYSE: NAV) entered into oversold territory, hitting an RSI reading of 29.3
Forbes  Jan 12  Comment 
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative...
Forbes  Jan 9  Comment 
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative...
Forbes  Jan 5  Comment 
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a...
Forbes  Dec 1  Comment 
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative...
Forbes  Nov 23  Comment 
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative...
Forbes  Nov 22  Comment 
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative...




 
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Relative Strength Index (RSI) - Shows how strongly a stock is moving in its current direction.

The RSI shows how strongly a stock is moving in its current direction.

The RSI was created by J. Welles Wilder.

The RSI compares the magnitude of a stock's recent gains to the magnitude of its recent losses and turns that information into a number that ranges from 0 to 100.

Wilder recommended using 70 as the overbought level, and 30 as the oversold level. If the RSI rises above 30 it is considered bullish. If the RSI falls below 70, it is considered bearish.

The formula for calculating the RSI is:

RSI = 100 - 100 / 1 + RS

Where RS = Average Gain / Average Loss

Average Gain = [(Total gains during last 14 periods / 14) x 13 + current Gain] / 14

Average Loss = [(Total losses during last 14 periods / 14) x 13 + current Loss] / 14

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