What is the Relative Strength Index (RSI)?

The Relative Strength Index (RSI) is a momentum oscillator used in technical analysis to measure the speed and change of price movements. It is used to identify whether an asset is overbought or oversold, which can indicate potential price reversals.

How do you interpret the RSI?

The RSI ranges from 0 to 100, with values above 70 indicating that an asset may be overbought and values below 30 indicating that it may be oversold. Readings above 70 suggest a potential price reversal to the downside, while readings below 30 suggest a potential price rebound to the upside.

How reliable is the RSI in predicting price movements?

The RSI is a useful tool for identifying potential reversals, but it should not be relied upon in isolation. It is best used in conjunction with other technical indicators and chart patterns to confirm signals and reduce the likelihood of false predictions.

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Relative Strength Index (RSI)

What is RELATIVE STRENGTH INDEX (RSI)?

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