Replies to post #2645 on High Plains Gas, Inc.(fka HPGS)

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Relative Strength Index. We are in the 20's right now which means HPGS has been vastly oversold, supposed to predict a PPS increase.

A technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula:



As you can see from the chart, the RSI ranges from 0 to 100. An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.