Technical
What is RSI (Relative Strength Index)?
RSI is a momentum oscillator that measures the speed and magnitude of price changes on a scale of 0-100, identifying overbought and oversold conditions.
Formula
RSI = 100 - [100 ÷ (1 + Average Gain / Average Loss)] over 14 periods
How to Interpret
RSI above 70 = overbought (may be due for pullback). RSI below 30 = oversold (may be due for bounce). Not a buy/sell signal alone.
Typical Ranges
30-70 normal range. Above 70 overbought, below 30 oversold.
Find Stocks Using This Metric
Use the Equiscale Stock Screener to filter US or Indian stocks by RSI.