In the ever-evolving world of stock trading, investors rely on various tools and indicators to make informed decisions. One such indicator that holds substantial importance is the Relative Strength Index (RSI). On September 28, Thursday, StockEdge flagged 60 stocks with RSI trending down. In this article, we delve into the significance of RSI and examine 10 stocks chosen by ETMarkets from this group.
The Relative Strength Index (RSI) is a vital momentum oscillator used by traders and investors to assess the speed and direction of stock price movements. RSI readings above 70 suggest overbought conditions, indicating that a stock may be due for a correction. Conversely, readings below 30 signal oversold conditions, possibly signaling a buying opportunity.
