Relative Strength Index
The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100.
Let see how it applies to these stocks during the mid day of the trade.
RSI appears to be a good indicator for past trades. It provides an understanding how the stock is pick up when it is oversold or overbought.
It appears that when it touches the RED zone, there is a buy and when it touches the green zone, there is a sell to lock in profit. This appears to be how these three stocks work. Appears to be quite technical and thus little upside.
Let;s attempt other indicators to understand the stock better.
Please see my disclaimer in my blog..
Let see how it applies to these stocks during the mid day of the trade.
 |
| Keppel Stock Chart with RSI |
 | |
|
 | |
|
RSI appears to be a good indicator for past trades. It provides an understanding how the stock is pick up when it is oversold or overbought.
It appears that when it touches the RED zone, there is a buy and when it touches the green zone, there is a sell to lock in profit. This appears to be how these three stocks work. Appears to be quite technical and thus little upside.
Let;s attempt other indicators to understand the stock better.
Please see my disclaimer in my blog..
Comments
Post a Comment