What does the Relative Strength Index mean?
Technical analysts use various tools to gauge the sentiment of a particular stock or index. One momentum indicator they may use is Relative Strength Indicator (RSI). It was developed by J.Welles Wilders in his book in 1978 and it is still popular with current traders. What is a Relative Strength Index (RSI)? The RSI is a technical momentum indicator which identifies when a stock/index has been oversold or overbought. This indicator measures the speed and change of price movements. It …