RSI
/ˌɑːr ɛs ˈaɪ/
relative strength index — a momentum oscillator measuring the speed and magnitude of recent price changes, scaled 0 to 100
RSI in a sentence
“An RSI above 70 indicated the stock was overbought and potentially due for a pullback.”
Origin of RSI
Developed by J. Welles Wilder Jr. in 1978; relative + strength + index
Related Words
MACD
moving average convergence divergence — a trend-following momentum indicator showing the relationship between two moving averages
Fibonacci retracement
horizontal lines on a chart at key Fibonacci ratios indicating where support or resistance may occur
overbought
describes a security that has risen sharply and may be due for a price correction
volume
the total number of shares or contracts traded for a security during a given period
support level
a price point where buying interest is strong enough to prevent further decline
resistance level
a price point where selling pressure is strong enough to prevent further advance