In these examples, I am using the 14-period RSI with a 21-period weighted moving average (WMA).
After a six-week decline, the RSI bounced, but was only able to make it slightly above its WMA. The subsequent violation of the seven-month RSI support, line D, was a strong signal that the downtrend had resumed.
Specifically, the 14-day RSI on the SPX reached overbought territory on Wednesday, at the same time the VIX closed its third-consecutive day below 20.
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Still, RIMM is nearing oversold territory, as its 14-day RSI arrives at a reading of 31.53.
Walt used a three-period simple moving average of a five-period RSI to help identify cycle highs and lows.
If the 9-day RSI can turn solidly higher and push above the 30% level that would be a buy signal.
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This rally is not without its drawbacks, leaving WYNN with a 14-day RSI of 73.24, placing the stock in a potentially overbought position.
The VIX has upped that string to five consecutive finishes below 20, sending its own 14-day RSI to within spitting distance of being oversold.
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Another plus for OVTI bulls is that that stock appears to be rebounding nicely from an oversold condition, with its 14-day RSI bouncing back to a current reading of 37.26.
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Currently, the 9-day RSI is around 34%.
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For instance, the 14-day Relative Strength Index (RSI) for MA and V peaked above 70 on Wednesday, hinting at the potential for short-term weakness.
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Wendy Lawrence, a member of the GMB and the RSI Association, says that being left-handed had caused difficulties throughout her working life.
The 9-day relative strength index (RSI), seen below the price chart hit 24% on Friday.
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The 9-day relative strength index (RSI) is pointing higher and will support additional near term upside probing.
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This confirmed the negative divergences in the RSI, consistent with the completion of an intermediate-term top.
While the market could continue to rise the indicators that show short-term overbought conditions such as the RSI (Relative Strength Index) and the MACD (Moving Average Convergence Divergence) are both solidly in overbought territory.
Over the years, I have observed consistent weekly patterns in the Relative Strength Index (RSI) that are quite useful in determining both intermediate-term tops and bottoms.
While I would suspect a rebound, the RSI indicates that there is still the potential for additional short-term decline.
Often times, weekly RSI divergences will confirm signals from other technical tools like the on-balance volume (OBV), which gives even greater validation to the analysis.
In 2001 the band - which now featured drummer Matthew Letley - cancelled thee concerts after Parfitt was diagnosed with repetitive strain injury (RSI) and could not play the guitar.
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First of all, the rules for using the RSI are not meant to be a trading system, as most traders are aware that momentum-based indicators are very unreliable in strongly trending markets.
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