Relative Strength Index (RSI)
A technical momentum oscillator measuring the speed and magnitude of recent price changes on a scale of 0 to 100.
Detailed Definition
Developed by J. Welles Wilder in 1978, RSI oscillates between 0 and 100. Readings above 70 generally indicate overbought conditions ripe for a corrective pullback, while readings below 30 suggest oversold conditions where a bullish bounce may materialize.
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