ETMarkets.comThe RSI is a popular technical indicator used by traders and investors to assess the strength and momentum of a stock's price movement. It measures the magnitude of recent price changes to determine whether a stock is overbought or oversold. RSI is typically calculated on a scale of 0 to 100, with values above 70 indicating overbought conditions and values below 30 suggesting oversold conditions.
A declining RSI suggests a potential shift in the stock's upward momentum and indicates a weakening of buying pressure. This information can help investors gauge the stock's short-term performance and make more informed investment decisions.
Exploring Stocks with Declining RSI:
1) Nesco Ltd.
RSI: 49.96
Prev. RSI: 54
2) Timken India Ltd.
RSI: 49.89
3) Housing & Urban Development Corporation Ltd.
RSI: 49.69
Prev. RSI: 50.92
4) Trident Ltd.
RSI: 49.67
Prev. RSI: 50.71
5) Sterlite Technologies Ltd.
RSI: 49.6
Prev. RSI: 54.69
6) Tata Elxsi Ltd.
RSI: 49.56
Prev. RSI: 51.4
7) TVS Motor Company Ltd.
RSI: 49.38
Prev. RSI: 53.39
8) Laurus Labs Ltd.
RSI: 49.36
Prev. RSI: 54.43
9) Akzo Nobel India Ltd.
RSI: 49.22
Prev. RSI: 53.56
10) Lemon Tree Hotels Ltd.
RSI: 49.1
Prev. RSI: 52.69
(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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