Relative strength index- rsi indicator and overbought oversold index.

Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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Index column presents the index name.
Tips:
– Move the cursor over the index name to see the index symbol.
– Click on the index name to redirect to the technical signals details page.

Symbol column presents a list of symbols that match the selected criteria.
Tips:
– Move the cursor over the symbol to see the full name.
– Click on the symbol to redirect to the technical signals details page.

Weekly Column represents a stock close price at the last business day
of the previos week and weekly price change.

GFI columns present daily and weekly Greed/Fear Indicator (GFI). The Greed/Fear Indicator is TheGreedyTrader.com proprietary stochastic market sentiment indicator that fluctuates from 0% to 100%. A stock with GFI higher than 70% indicates a high greed and low fear market sentiments and is considered to be an overbought signal. Lower than 30% GFI indicates high fear and low greed market sentiments and it is considered to be an oversold signal.
Tips:
– Green color presents an oversold signal
– Bold green font presents strong oversold signal
– Red color presents an overbought signal
– Bold red font presents a strong overbought signal
– Click on the column header to sort records in ascending order (subscribers only). The next click reverses the sorting order.

Oscillators columns – "Daily" and "Weekly" columns show technical indicators alerts icon. An icon has three vertical bars. From left to right they represent Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow).
Tips:
– Short yellow bar represents neutral (no alerts) indicator
– Medium green bar represents oversold alert
– High green bar represents strong oversold alert
– Medium red bar represents overbought alert
– High red bar represents strong overbought alert
– An icon with a red border represents a bearish divergence alert and an icon with a green border represents bullish divergence.
– To see the detailed information about the technical indicators and divergence, place the cursor over an icon. A tool tip popup window will come up.
– Click on the icon to see detailed technical indicators and divergence information in a separate window.
– Click on the column header to sort records in ascending order (subscribers only). The next click reverses the sorting order.

Trend Analysis columns – daily, weekly, monthly, quarterly, and yearly trends details are presented by trend alert icons. An icon indicates trend pattern and status (valid, testing trend support, testing trend resistance, broken trend support, broken trend resistance).
Tips:
– To see detailed trend analysis information, place the cursor over an icon. A tool tip popup window will come up.
– Click on the icon to see detailed trend analysis information in a separate popup window.
– Click on the column header to sort records in ascending order (subscribers only). The next click reverses the sorting order.

Ranking columns – "Sector" and "Industry" columns represent Sector and Industry overbought/oversold Rank. Sectors are ranked from 1 to 10 (the higher number represents more overbought sector). The industries are ranked from 1 to 216 (the higher number represents more overbought industry). The rank can be used for sector and industry rotation.
Tips:
– Move the cursor over the rank to see the Sector/Industry name as a tool tip.
– Click on the "Sector" rank to see the Sector overbought/oversold indicators by Industry.
– Click on the "Industry" rank to see the detailed technical indicators for Industry members.
– Click on the column header to sort records in ascending order (subscribers only). The next click reverses the sorting order.

Alerts column represents advanced technical alerts: downtrend exhaustion, downtrend broken resistance, uptrend support, uptrend exhaustion, uptrend broken support, and downtrend resistance. Stars (0 to 5) represent an alert rank. The higher rank indicates that more technical indicators confirm the signal.
Tips:
– Move the cursor over an icon to see the alert name.
– Click on the icon to redirect to the technical signals details page.
– Click on the column header to sort records in ascending order (subscribers only). The next click reverses the sorting order.

Candlesticks Column shows the weekly list of the Candlestick patterns.
Tips:
– Move the cursor over an icon to see the Candlestick pattern names and dates.
– Click on the icon to see the candlestick chart popup window with the weekly list of Candlestick patterns.
– Click on the column header to sort records in ascending order (subscribers only). The next click reverses the sorting order.

Watch List Column: click on the "+" sign to add symbol to your watch list. You can view your "Watch List" technical analysis by selecting "Watch List" menu item under the "Analysis" menu. You should be logged in to use the "Watch List" functionality.