Sanofi, Aptus Value Housing Finance among 10 stocks with RSI trending down

In the dynamic landscape of stock trading, accurate and timely information is the bedrock upon which investment decisions are made. Among the myriad tools available to investors, the Relative Strength Index (RSI) stands out as a vital indicator for evaluating the momentum of a stock. Understanding RSI and its implications can provide invaluable insights into the potential trends that a stock might follow.

The RSI is a momentum oscillator that measures the speed and change of price movements. It is a scale that ranges from 0 to 100 and is used to identify overbought or oversold conditions in a stock.

The formula takes into account the magnitude of recent gains and losses, creating a value that oscillates between the two extremes. An RSI value above 70 typically indicates that a stock might be overbought and due for a correction, while an RSI below 30 suggests an oversold condition and the possibility of a rebound.

On August 28, Monday, StockEdge, a prominent stock market analysis platform, reported that 22 stocks were trading with a downward trending RSI. Among these, ETMarkets selected 10 stocks that displayed consistent RSI downtrends. As of the mentioned date, here are the selected stocks along with their RSI values and the previous RSI readings:



It's important to note that the data for stocks with trending down RSI on August 29 will be updated after market hours on the same day.

(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)