When the RSI exceeds 70, the commodity is thought to be overbought or overvalued, and vice versa when the RSI dips below 30.
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He had printed out multiple versions of the terms of service, all records of communication with RSI, and a long document recording the 77 promises RSI hasn't fulfilled in a timely fashion, including citations showing where and when RSI made those promises.
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"Also you look at the RSI chart, the weekly RSI chart, it's reached overbought levels that have been associated with other highs recently as well," said Maley.
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"Also, even though its daily RSI is oversold, its weekly RSI is not as oversold as it has been at other important bottoms for the stock," added Maley.
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The relative strength indicator (RSI), a widely watched momentum indicator of stock movements in the last several weeks, has the , industrials, financials and energy sectors all with an RSI over 90.
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"If you look at not just its daily RSI chart but its weekly RSI chart, it's getting very extended and it's now up to levels where it usually tops out," said Maley.
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Second, the relative strength index, or RSI of USO, shows that every time the RSI has risen to around 70, indicating a strong momentum move up, it has reversed, essentially losing momentum.
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He points out that it has an RSI below 20.
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RSI offers varying levels of insurance on these digital ships.
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But RSI still offers normal insurance on its various ships.
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The metal's 14-day relative strength index (RSI) was around 77.
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You can see the divergence between the RSI index versus price.
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You look at its weekly RSI chart, it's got above 85.
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The RSI is considered overbought above 70 and oversold below 30.
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He also promised to pursue legal action if RSI ignored him.
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During the proceedings, RSI referred to Lord's funds as a donation.
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Keyboards so long they end up gifting the smaller user RSI.
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Any reading above 70 on the RSI typically suggests overbought conditions.
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Right now, the Nasdaq composite index has an RSI of 99.33.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham)
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By comparison, the S&P 83 has an RSI of 53.
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Its relative strength index, or RSI, measures overbought or oversold conditions.
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It traded with a lower RSI at the beginning of the year.
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On Friday, Brent's RSI fell to 67 while WTI dropped below 58.
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"It was higher in February and March," he said of the RSI.
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The RSI was below the oversold level of 30 on Jan. 20.
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After last week's sell-off, it has an RSI of around 50.
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It has dropped 9 percent this month, dragging its RSI to below 40.
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Its RSI got up into low-90s so you need to be careful.
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Its RSI, a measure of overbought and oversold conditions, ended Thursday at 41.43.
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In the decade since, they've given an additional $18 million to the RSI.
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Its RSI reading of 62 on Tuesday pushed it close to overbought conditions.
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Simply put, the RSI measures momentum on a scale of 1 to 100.
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In a series of messages Lord sent to RSI and shared with Motherboard, an RSI player-relations representative explained that Lord was outside of the timeframe for refunds, but that they would look at his case and make a determination.
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Rice:USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; editing by Gopakumar Warrier)
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Rice:USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; Editing by Gopakumar Warrier)
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With your special padded chair that is supposed to be for your RSI, Terry?
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Because of the heavy lifting, I shifted a vertebra, and the RSI became chronic.
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Its RSI of 61.7 is below the 70 level typically indicative of overbought conditions.
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Any reading above 70 on the RSI, a momentum measure, typically suggests overbought conditions.
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A lot of well-known stocks are in this stupidly overbought category: (RSI >70 = overbought) Micron 90 Microchip Tech 88 Lam Research 82 Xilinx 82 And a lot of well-known software names are in the same camp: (RSI >70 = overbought) Salesforce.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Shreejay Sinha)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; editing by Gopakumar Warrier)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; editing by Gopakumar Warrier)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral Editing by Kenneth Maxwell)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; editing by Rashmi Aich)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; Editing by Shreejay Sinha)
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Technical analysis showed the NSE index at an RSI level above 60, indicating further upside.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Joseph Radford)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Gopakumar Warrier)
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RSI wouldn't refund it, so Lord took the developer to small-claims court in California.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; editing by Christian Schmollinger)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; Editing by Joseph Radford)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; Editing by Subhranshu Sahu)
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RSI is funding the game in part by pre-selling ships and equipment to players.
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If you tend to have tense muscles, you have a higher chance of developing RSI.
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RSI is a technical market indicator that compares the relative size of gains versus losses.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Clarence Fernandez)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; editing by Subhranshu Sahu)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Anil D'Silva)
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An RSI above 70 indicates a commodity is overbought and could lead to a price correction.
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On Friday, the RSI for Brent was down at 67 while WTI fell to below 58.
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RSI ignored him, and he filed a claim in California small-claims court on July 11.
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"The RSI has been an excellent indicator of short-term price corrections in 2017," Halley said.
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But it's not just here in the U.S. You look at the DAX, its RSI chart.
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Its RSI spiked above 80 earlier this week, past the 70 threshold that points to overbought conditions.
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This was particularly true in the Italian Social Republic (RSI), the fascist-run state in the north.
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On a weekly basis, the SMH ETF's RSI sits at 42, above the threshold suggesting oversold conditions.
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The last time it had an RSI of 30, the stock went up 30 points immediately after.
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So if you're at risk of an RSI, the extra few bucks could be worth your while.
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As first reported by Forbes, RSI is only offering the $27,73 Legatus Pack to its concierge members.
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The RSI for the stock is currently around 40 and was 30 a couple of weeks ago.
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MKM's screen also selected stocks with a nine-day relative strength index, or RSI, less than 50.
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The XOP S&P oil and gas exploration and production ETF has an RSI of 78. Disclaimer
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Spot gold's 14-day relative strength index (RSI) touched 72.54 on Tuesday, it highest since September 20013.
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Its RSI, a momentum indicator, has made a series of lower highs since the beginning of 2018.
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But I'm looking at an RSI on the S&P at 20 ... but a VIX at 47.
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Spot gold's 14-day relative strength index (RSI) touched 75 on Tuesday, it highest since September 2017.
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Two, that RSI indicator peaked at least a year ahead of the market on all those occasions.
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An RSI below 30 suggests a market is technically oversold and subject to an upward adjustment soon.
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Whenever the RSI climbs above a 70 to 75 range that signals the underlying index is getting expensive.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; editing by Richard Pullin and Shreejay Sinha)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Joseph Radford and Shreejay Sinha)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Richard Pullin and Joseph Radford)
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So coming into the trading week, we saw Nike was exactly at that 30 oversold condition on RSI.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Shreejay Sinha and Gopakumar Warrier)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; editing by Richard Pullin and Rashmi Aich)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Joseph Radford and Richard Pullin)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Subhranshu Sahu and Richard Pullin)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Shailesh Kuber and Subhranshu Sahu)
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An RSI above 1.493 indicates a commodity is overbought and could herald a price correction, technical analysts say.
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An RSI, which measures overbought or oversold conditions, is typically considered overbought when a measurement reads above 70.
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RSI accesses RSM's cash mainly through dividends, which we have already accounted for in RSM's high dividend payout.
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An average dividend of CNY1.2 billion from RSM to RSI is sufficient to cover the annual interest burden.
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The same is happening with Marriott, said Maley, noting that the stock's RSI chart also is signaling oversold.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Gopakumar Warrier and Sherry Jacob-Phillips)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral, Editing by Sherry Jacob-Phillips and Rashmi Aich)
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Its RSI, or relative strength index, is a momentum measure that reads overbought or oversold conditions in a stock.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Christian Schmollinger and Sherry Jacob-Phillips)
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Just earlier this month, both benchmarks showed RSI levels of 30 or below, indicating an oversold or bear market.
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Our reforms are also attracting industry leaders to New Mexico, like FedEx, Safelite Autoglass, PCM, RSI and Keter Plastics.
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Weekly RSI closed at 83 last week, the highest such value for front-month soybean meal in recent memory.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Subhranshu Sahu and Sherry Jacob-Phillips)
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; Editing by Subhranshu Sahu and Sherry Jacob-Phillips)
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When Nike's RSI fell to 25 in August, its shares rallied as much as 24% in less than three months.
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"The RSI is at 86, and that is the second-highest level we've seen in its entire history," he said.
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RSI is a technical indicator charting the market's weakness or strength based on closing prices of a given trading period.
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The 14-day relative strength index, or RSI, for the Nasdaq 100 (NDX) hit 84.79 on Wednesday, its highest since Jan.
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For example, on a relative strength index (RSI), the MSCI Asia-ex Japan index was at its most overbought since 2015.
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RSI levels spiked as crude prices jumped more than 35 percent from 12-year lows hit less than 2 months ago.
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In 1996, the RSI hit 63 in June – from there to the market peak, the S&P 500 rose 128 percent.
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Indeed, the benchmark Nikkei's 14-day relative strength index (RSI) hit 97.4 the previous day, its highest in nearly two years.
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Its moderate RSI suggests to Newton that it could have more room to run, possibly as high as $45 to $47.
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But if you look at its RSI chart, not only is it overbought on a short-term basis, but its weekly RSI chart is overbought, as well, and that shows that on an intermediate-term basis, it's getting to levels where it has been followed by pullbacks in the past … and, in some cases, fairly deep pullbacks.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral, additional reporting by Colin Packham in SYDNEY; Editing by Joseph Radford)
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While prices made higher highs in March of 2000 and October of 2007, RSI was making lower highs, suggesting momentum was waning.
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So I think, now, the stock's still coming back, but, again, after the 70 percent decline, [the] monthly RSI again became oversold.
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The two parties met on July 13, and after about three hours, the judge dismissed the case at the request of RSI.
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If you have Arthritis, RSI, or other source of joint pain in your hands, the Nanopresso is probably not the best choice.
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On the technical front, bullion's 14-day relative strength index (RSI) was around 70, indicating that the commodity was approaching overbought territory.
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On the technical front, bullion's 14-day relative strength index (RSI) was around 70, indicating that the commodity was approaching overbought territory.
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The ETF's RSI – relative strength index – is at its highest level since 2007 after topping 77 at the end of last week.
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"Momentum as measured by RSI, which is the relative strength index, has actually been decreasing on each push to new lows," he said.
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One way to find out whether a pullback is buyable is looking at the RSI indicator," O'Hara said Tuesday on CNBC's "Trading Nation.
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Every ship in the Legatus Pack comes with lifetime insurance, meaning that RSI will pay to replace the ships hull if its destroyed.
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Boeing's RSI has now settled closer to 62, below the 70 level suggesting overbought territory but above the 30 threshold indicating oversold conditions.
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" One such name was JPMorgan, Maley said, adding that its RSI chart was the most oversold it has been "going back several decades.
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The strategist is looking at the relative strength index, or RSI, of the U.S. dollar, which tracks the momentum of the dollar's moves.
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Tesla's seven-day RSI spiked to 97 out of 100 on Tuesday, according to Peter Boockvar, chief investment officer at Bleakley Advisory Group.
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RSI has repeatedly said that all its ships will be available in-game by grinding out the local space-bucks whenever the game releases.
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The round also saw participation from a clutch of new investors that included ru-Net, RSI Fund, owned by Recruit Holdings, and Thrive Capital.
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The Relative Strength Index (RSI) in U.S. crude futures stood above 60 on Thursday, heading toward the overbought level of 70, Reuters data showed.
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The RSI oscillator, which measures price changes in stocks, will risk shifting into overbought territory and sending the market back down, the host said.
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After more than 3.893 consecutive days with a reading over 50, on Monday the Nasdaq 100's RSI fell to 39.3, according to FactSet.
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On Friday, the S&P 500 Index's 14-day relative strength index (RSI) hit 83.4, the highest since late 1996, according to Thomson Reuters data.
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Developer Roberts Space Industries (RSI) has advertised the game as the ultimate space adventure, the kind of simulation you can play for years to come.
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In the study, Joseph determined how ready each county in Pennsylvania was to adopt ride-hailing by assigning each one an RSI (ride-sharing index).
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A decade earlier, the RSI reached similar levels and the S&P 500 proceeded to gain roughly 22018 percent through to the bull market's high.
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Going further back, in 26, the RSI peaked at 2500 in July and gained around 22018 percent through to the top of its bullish stretch.
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RSI, or relative strength index, is a momentum indicator that measures price changes in stocks or an index in order to asses an overall trend.
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The relative strength index (RSI) fell this week to below 30, a technical level often regarded as signaling a market that has fallen too far.
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Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral, additional reporting by Colin Packham in SYDNEY; Editing by Joseph Radford and Sherry Jacob-Phillips)
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Still, the Relative Strength Index (RSI) in U.S. crude futures remained at about 58 on Tuesday, well below the overbought level of 70, Reuters data showed.
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Investors can determine whether a stock is overbought or oversold by charting the ratio of higher closes, also known as the relative strength index, or RSI.
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Its argument was that, according to its terms of service, a backer wasn't allowed to force any kind of arbitration on RSI, and the judge agreed.
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Thanks to a new offer from RSI, the truly dedicated can drop $27,000 to pre-purchase almost every ship and piece of equipment in the game.
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Index has not seen 8 straight down days since Oct 2008 ** Daily RSI has fallen under 30 level (23 close Weds); testing past 2-year's troughs.
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One indicator that should have meal bulls wary is the relative strength index, or RSI, which measures how overbought or oversold a certain commodity may be.
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On Monday, the tech-heavy index's 23.89-day RSI reading fell below 22018, breaking its longest streak above 50 on record, according to data from Sentimentrader.
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When you look at gauges of technical momentum like the relative strength index, RSI, it's gotten above 70 on both the weekly and a monthly basis.
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RSI, or relative strength index, measures price changes in stocks or an index, and is used as a momentum indicator to help determine an overall trend.
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Another technical indicator known as the RSI that measures whether currencies are oversold or overbought, also implies the recent drop in the pound is not that extreme.
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It's managed a wide set of expectations, an increasingly Byzantine set of terms of service that, according to RSI, has changed five different times in six years.
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The five-page letter—dated May 2200, 2190—detailed the various ways Lord felt RSI had acted in bad faith and failed to deliver on its promises.
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Thus, the investment corporation may enable the Rajneeshees to keep details of certain financial transactions confidential, particularly some reportedly large transfers of cash from RSI in London.
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"One indicator that has been talked about lately is weekly RSI, which has now exceeded 80 for the first time since 1995," he said in a note.
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In fact, Target's RSI is approaching especially oversold levels from which it has rebounded quite sharply in the last two years, Maley said, pointing to the chart.
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King said a bigger concern in her experience was that a repetitive action, such as swiping on your mobile phone, could lead to a Repetitive Strain Injury (RSI).
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But again its weekly RSI chart is quite oversold and that one could be due for a bounce, one that could last more than a couple of days.
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Back in 2012, developer Roberts Space Industries (RSI) launched a Kickstarter asking for money to fund Star Citizen—an ambitious space game in the mold of Wing Commander.
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This will always be a matter of opinion, but the Shanghai rebar futures relative strength indicator (RSI) provides a technical view that the price may be somewhat overcooked.
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The relative strength index (RSI) for both Brent and U.S. crude remained below 30, a technical level often regarded as signaling a market that has fallen too far.
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"That RSI indicator in the bottom of the chart is very oversold and starting to bottom so that's really part of that bottoming phase taking hold," he said.
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However, Fitch will consider incorporating RSI's impact on RSM's ratings if there are further signs of frequent related-party transactions showing RSI accessing RSM's cash other than dividends.
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For the Dow, its 14-day RSI rose above 80 for several days this month to hit 87.4 on Tuesday, the highest since the 87.8 level hit on Nov.
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"If you look at its weekly RSI chart, it's getting very, very oversold, so much so that it's at levels where we usually see decent-sized bounces," said Maley.
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This week's gains have also pushed the Nikkei into overbought territory on a technical basis, with its Relative Strength Index (RSI) at 77, leaving it vulnerable to profit taking.
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The RSI has reached its lowest level in years, according to Ciana's chart, meaning that the latest drop in the dollar didn't have as much momentum to the downside.
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Gordon points out that the last two times the oil-tracking USO ETF has taken a leg down, the market's relative strength index, or RSI, has decreased as well.
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The relative strength index (RSI) for both Brent and U.S. crude rose this week to above 70, a level often regarded as signaling a market that has risen too far.
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"I would also just note that you're starting to see some bullish divergences when you start looking at MACD [moving average convergence divergence] and RSI [relative strength index]," said Johnson.
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Cramer also matches the RSI of an individual stock to something else, maybe the relative strength of its sector or a larger index, and then measures the price action historically.
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Best entry, exit points Investors can determine if a stock is overbought or oversold by charting the ratio of higher closes, also known as the relative strength index, or RSI.
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The Relative Strength Index (RSI), which measures momentum in asset pricing, fell below 30 for both oil benchmarks for the first time in almost a month, suggesting an oversold market.
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The SDA news agency and RSI television network both reported the dismissals which also included Johan Djourou, Pajtim Kasami, Ermir Lenjani, Seydou Doumbia, Mickael Facchinetti, Christian Zock and Birama Ndoye.
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But if you look at the long-term chart, its weekly RSI chart [see relative strength index chart below] is becoming quite overbought," Maley said Tuesday on CNBC's "Trading Nation.
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The technical indicator is called the relative strength index, or RSI, and it shows the relative size of gains versus losses for an underlying market index, usually over 14 trading days.
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Specifically, when Boeing's monthly relative strength index (RSI) has reached 75 or higher, suggesting far too many buyers are piling into the name, the stock has suffered in the subsequent years.
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Traditional signs of capitulation — extreme oversold conditions (RSI), new lows at the NYSE (nearly 1,000), high put/call ratio, extreme readings in the VIX, junk bond outflows — are all flashing "buy" signals.
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The RSI reached a peak of 90.6 in November last year, before dropping to just below the 30-level that indicates oversold territory in April this year, just as the price rally started.
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"When you couple that with the loss of upside momentum with that RSI that suggests to me I do want to hedge my continuing long portfolio with some Q put spreads," said Gordon.
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While the index has repeatedly reached new all-time intraday highs — 34 this year, to be exact, including Friday — its weekly RSI chart is also starting to get a bit stretched, he said.
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"Its weekly RSI chart [is] getting quite extended, and again, at levels where it has been followed by, at least, corrections of 5% or more over the last two years," the strategist said.
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Parent Not an Immediate Concern: RSM's rating is not linked to its parent, Red Star Macalline Investment Ltd (RSI), which is primarily engaged in property development, other than its 68.44% stake in RSM.
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Compared to the January peak before February's dramatic market correction, stocks were extremely overbought on the basis of RSI, or the relative strength index, according to Josh Brown, CEO at Ritholtz Wealth Management.
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Furthermore, the relative strength index (RSI), a momentum measurement, is nearing the overbought threshold of 70 and the Williams %R oscillator, another momentum indicator, is already in extreme overbought territory at 99, Cramer said.
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The 's 14-month relative strength index (RSI) surpassed the 87 level for the first time in nearly 22 years, Ari Wald, head of technical analysis at Oppenheimer, told CNBC's "Trading Nation " on Monday.
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Starting with the small-cap-heavy Russell, Maley pointed to the main indicator driving his worry: the relative strength index, or RSI, which tracks a stock's momentum trends to determine whether it's overbought or oversold.
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Some may point to a Relative Strength Indicator divergence, but closer examination shows the RSI divergence signal has been generated multiple times since 2009 and has not led to a collapse of the Nasdaq uptrend.
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"The RSI of the weekly 10-year yields chart is hovering at about 74, which means yield is overbought or the bond market is oversold to a rather stretched position and could correct," said Ciana.
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"I don't believe I've ever seen any stock get this high in its RSI," Boockvar wrote in a note to clients, adding that even Qualcomm in 1999 only got to 90 during its own "parabolic" move.
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Despite the decline, the front-month was on track to remain in overbought territory with a relative strength index (RSI) over 70 for a third day in a row, the first time that has happened since July.
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Cramer Remix: This stock survives the election Cramer: Stocks are incredibly undervalued Cramer: Sherwin-Williams deal a 'shocker' Garner also took a look at the relative strength index, or RSI, which is used as a powerful momentum indicator.
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These same properties are fully mortgaged to Rajneesh Services International Limited (RSI) in London, a registered English corporation whose principal function appears to be to transfer money from one component of the Rajneesh international financial empire to another.
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"Plus, the upward slope of the Relative Strength Index, the RSI, an important momentum indicator, is very steep, which Lang tells us means this can continue to perform much better than the rest of the market," Cramer said.
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"What you want to see when we finally get this break up through $400 is that RSI to go up to 70/80, stay there as the buyers finally charge through," Gordon said on CNBC's "Trading Nation" on Thursday.
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The investment is led by Tencent, the Chinese internet giant that led Practo's $22011 million Series C in 2015, with participation from three new backers: Russia's Ru-Net, RSI Fund (from Japan-based Recruit) and New York's Thrive Capital.
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Not only that, but Sluymer also points out that the relative strength index (RSI) of bitcoin indicates it is now "very oversold," which may prove to be a buying opportunity for the cryptocurrency, but investors need to be careful.
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"[Hilton's] weekly RSI chart is actually ... more oversold, more extreme than it was at the last two bottoms back in 2018 and 2016," he said Thursday on CNBC's "Trading Nation," referring to the stock momentum-tracking relative strength index.
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Sure, it's a pretty wanky thing to try to use at a house party (and much more expensive than a decent controller) and is more likely to give you RSI for your thumbs than a standard piece of kit.
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Technical analysts at ScotiaMocatta pegged support for gold at $1,346 and resistance at $1,375.30, with the RSI (relative strength index) currently showing the yellow metal in slightly overbought territory and added that profit-taking may emerge in the short-term.
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Kensing acknowledged that there is not a great deal of data available on the health issues associated with stationary jobs, such as obesity and RSI, but pointed out that taking such factors into account may be important in future rankings.
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Technical analysts at ScotiaMocatta pegged support for gold at $0.83,346 and resistance at $1,375.30, with the RSI (relative strength index) currently showing the yellow metal in slightly overbought territory and added that profit-taking may emerge in the short-term.
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Index technicals also suggest a bounce in the near-term as the relative strength index (RSI) shows an oversold reading and the wave pattern suggests the index is not expected to breach the March 23 low of 9951.9 points in the near-term.
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"We just want to identify situations where individual stocks in varied oversold states (RSI below 50) could see a catalyst in the form of upside earnings surprises," Strugger said, noting fundamentals or tax reform benefits didn't play a direct role in selecting the stocks.
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"The XLE chart has come right back to clear identifiable support and you're getting a positive divergence on the RSI so at this point in time it's better to be buying the XLE in here than selling it, and that's what we've been telling our clients, " he added.
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To find moments in an individual stock's trajectory where its strength stands out — a potential sign of a pending move or change in momentum — Cramer matches the stock's RSI to something else, such as the relative strength of its sector or a wider index, and then measures the past price action.
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"The thing that concerns me the most about this is its RSI chart, it got up to 88, that's extremely overbought and it's coming back a little bit now but I think it's got to come back a lot more before it really works off those extreme overbought conditions," Maley said.
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"Even if the S&P 22 keeps climbing to, say, ... 13,21 — up 2800 percent from here — Garner doesn't anticipate either the RSI or the slow stochastic [to] hit extreme overbought levels," Cramer said, adding that the technician could even see the S&P climbing to 2743,000 if it breaks above the 2,800 level.
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According to Lord—and the LA county court records—the judge dismissed the case without prejudice, saying an arbitration clause buried in the Star Citizen end-user license agreement prevented Lord, or anyone, from taking RSI to court for a refund on a game that some backers think may never come out.
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I'll give you an example of absurdly overbought: one of the most widely followed metrics of market momentum is the RSI (Relative Strength Index) which charts the momentum of an index or stock over a short period of time, in this case usually 14 days, on a scale of 1 to 100.
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"Even on a weekly basis when you see that RSI gauge over 75 (for example, it's happened about six times just since 2015 alone), five of those six times you were actually down over 10 percent, as much as 20 percent, really in the two to three months that followed," said Newton.
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"However, on a longer-term basis, you look at its weekly RSI, the SMH is not very oversold, so I think it's going to have some more downside here over time and, therefore, if you want to look at the group overall you're really going to have to pick your individual stocks," said Maley.
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