morning all...29 Nov 2018 11:50
The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder.
RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period.
RSI can be used to help spot overbought or oversold conditions.
An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum.
The 14-day RSI is currently sitting at 37.41, the 7-day is at 33.12, and the 3-day is spotted at 21.96 for Fastforward Innovations Limited (FFWD.L).