Every investor and trader strives to make informed decisions when it comes to stocks. One essential tool in this journey is the Relative Strength Index (RSI). This article provides insights into what RSI is, its significance in stock analysis, and features 6 stocks that have entered the overbought territory.
The Relative Strength Index (RSI) is a vital momentum oscillator that gauges the rate and magnitude of price changes. RSI typically oscillates between 0 and 100. Stocks with an RSI above 70 are often considered overbought, implying that their prices may have risen too quickly and could be due for a pullback.
