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Saturday, October 22, 2016 3:47:41 AM
Tracking other technical indicators, the 14-day RSI is presently standing at 50.35, the 7-day sits at 51.23, and the 3-day is resting at 56.92. The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day. Using the 14-day RSI, if a stock price rose for 14 straight days, the value would be 100. If the stock fell for 14 straight days, the RSI value would be 0.
"It's easier to fool people than to convince them that they have been fooled."
Mark Twain
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