The Greedy Trader Weekly Analysis
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Stocks Screener - Overbought Relative Strength Index (RSI)

Daily RSI:> 80
Number of records: 16
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- 2/16/2024 -
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Symbol View HelpWeekly View HelpGFI View HelpOscillators View HelpTrend Analysis View HelpRanking View HelpTechnical View HelpCandle View HelpWatch View Help
ABBV 177.491.96%86.5688.63 9 70 2 Uptrend ExhaustionAdd to Watch List
ADP 252.971.19%84.3880.58 10 33 Uptrend ExhaustionAdd to Watch List
BRK.B 405.991.92%88.0784.60 11 123 1 Uptrend ExhaustionAdd to Watch List
BSX 65.820.49%84.6188.18 9 96 3 Uptrend ExhaustionAdd to Watch List
CI 341.091.84%93.4182.42 9 34 1 Uptrend Exhaustion02/13/24	Bearish  Advance Block
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FTV 84.321.96%89.4085.08 12 101 4 Uptrend ExhaustionAdd to Watch List
GE 149.167.09%93.8987.05 12 47 3 Uptrend Exhaustion02/16/24	Bearish  Deliberation
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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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Warning: presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.