Technical analysis
Relative Strength Index (RSI), What is it?
A momentum oscillator from 0 to 100 measuring the speed and strength of price moves, above 70 is overbought, below 30 oversold.
The Relative Strength Index (RSI), developed by Wilder, is a popular momentum oscillator usually computed over 14 sessions. It ranges 0-100: above 70 is considered overbought (a pullback is possible), below 30 oversold (a bounce is possible). On its own it is not a buy/sell trigger, in strong trends RSI can stay above 70 for a long time. Its most useful signal is divergence: when price makes a higher high but RSI makes a lower high, momentum is weakening. FoudaLens computes RSI for every stock among the indicators on the stock page.
FAQ
What is Relative Strength Index (RSI)?
A momentum oscillator from 0 to 100 measuring the speed and strength of price moves, above 70 is overbought, below 30 oversold.
How do I track Relative Strength Index (RSI) on FoudaLens?
Screen stocks by RSI using FoudaLens's free tools, with live Egyptian-market data.