Relative Strength Index (RSI) »
Posted By dsnelleman 1 year, 4 months ago in Business & FinanceThe Relative Strength Index is probably one of the most popular momentum oscillators out there. To put it simply, the Relative Strength Index compares the average gains to the average losses of a stock and spits out a number between 1 and 100, if the number is over 50 then you are looking at an bullish stock where the average gains is higher then the average losses, and if the number is below 50, you have a market that is bearish on the stock., with the average losses being higher then the average gains. Probably the most common interpretation of the RSI is if the line goes above 70, then the stock is considered overbought, and if the line goes below 30 then the stock is considered oversold.
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