ETMarkets.comThe Relative Strength Index (RSI) is a momentum oscillator used in technical analysis to measure the speed and change of price movements. RSI values typically range from 0 to 100, with readings above 70 indicating overbought conditions and readings below 30 suggesting oversold conditions. A declining RSI can indicate weakening momentum.
RSI can signal when a stock is overbought (potentially due for a correction) or oversold (possibly ready for a rebound). It also helps to confirm the strength or weakness of a stock's trend. A declining RSI may suggest a weakening trend.
4 Stocks with a Declining RSI Trend
Now, let's take a closer look at the 4 stocks that were trading with a declining RSI trend:
1) Equitas Small Finance Bank Ltd. (NSE: EQUITAS) - RSI: 49.95, Prev. RSI: 51.71
3) Shyam Metalics And Energy Ltd. (NSE: SHYAMMETAL) - RSI: 47.68, Prev. RSI: 58.56
4) Natco Pharma Ltd. (NSE: NATCOPHARM) - RSI: 38.4, Prev. RSI: 55.15
Please note that data related to stocks with a declining RSI trend on September 12, Tuesday, will be updated later today after market hours.
(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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