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Topic: RSI

mike7131_99
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posted

I was just wondering if anyone could tell me how I would go about finding the RSI(Relative Strength) number. I always hear people talking about that number but I am not sure how to find it. Any replies would be greatly appreciated. Thank You

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McBoby
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posted

First read this: http://stockcharts.com/education/IndicatorAnalysis/indic_RSI.html

"Overbought/Oversold
Wilder recommended using 70 and 30 and overbought and oversold levels respectively. Generally, if the RSI rises above 30 it is considered bullish for the underlying stock. Conversely, if the RSI falls below 70, it is a bearish signal. Some traders identify the long-term trend and then use extreme readings for entry points. If the long-term trend is bullish, then oversold readings could mark potential entry points."

Than look this: http://stockcharts.com/def/servlet/SC.web?c=fmday , you can watch any stock and you will see RSI(14) number. More the number is lower to the 30 more you have chanses the stock will go up in the future.

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mike7131_99
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posted

Wow thanks a million McBoby I am gonna print out the page from the link you provided and keep it in with my investing notes. The main thing I see here is to find stocks that are in oversold territory because they will have a better shot at going up. I want to gain as much knowledge as I can with the markets so one day I will become a pro. Thank You again

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