One popular indicator used to -To The Moon - Tiger Brokers Online Investing Community - To The Moon

One popular indicator used to decide when to buy or sell stocks is the Relative Strength Index (RSI). The RSI is a technical indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset.

The RSI ranges from 0 to 100, with a reading above 70 indicating that a stock is overbought and may be due for a price correction, while a reading below 30 indicating that a stock is oversold and may be undervalued.

Traders often use the RSI in combination with other indicators and technical analysis to make buy and sell decisions. For example, a trader might use RSI in conjunction with trend lines, moving averages and other indicators in order to confirm or deny a trading signal.

It's important to note that, no indicator is perfect, and RSI should not be the only indicator used for making buying and selling decisions in the stock market. It should be used as a tool among other tools and analysis in order to make an informed decision.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Maria_yy
2023-01-29
Maria_yy
RSI should not be used as the only indicator for making buying and selling decisions in the stock market, it should be used as a tool among other tools and analysis.
ElvisMarner
2023-01-29
ElvisMarner
What are some limitations of using RSI as a sole indicator for making buying and selling decisions in the stock market?
HilaryWilde
2023-01-29
HilaryWilde
RSI can be used in combination with other indicators and technical analysis to confirm or deny a trading signal.
BellaFaraday
2023-01-29
BellaFaraday
In what ways can RSI be used in combination with other technical indicators and analysis to make trading decisions?
MortimerDodd
2023-01-29
MortimerDodd
How is the RSI calculated and what does a reading above or below certain thresholds indicate?
BarbaraWillard
2023-01-28
BarbaraWillard
The RSI range is good to check in advance before we purchase.

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