Normal rsi is set at 14. Look on the 6 month (2nd chart) and it is 71.
Different settings in different time frames give different clues.
Of significance right now is the relationship of volume to adx with the black line (trend) turning up telling us the trend is increasing and reading the green line. With the rsi at 71 the adx black line strength (longer the stronger signal) can hold the rsi overbought for significant periods.
Price has been riding the upper bb for a while so without new news or anticipation of news some cooling would not be unexpected. It just depends on whether an individual wants to trade or continue with the long term fundamentals and trend.
Also, so far none of the price candles on this run have dropped below the previous days low. That is another sign of strength. As you know, things can change rapidly, but so far no sell signals.
12.83 the R-1 pivot is potential resistance and the Friday high was 12.81. Something to watch if you are a trader. To get a full picture requires multiple charts in multiple time frames.
Hope that helps. Best wishes for green.
ZIOP
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