Indicators · Question 9 of 12
Which statements about the relative strength index (RSI) are correct?
2 answers are correct. Medium
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Answer
- B Values above 70 are usually considered overbought, below 30 oversold
- D It ranges between 0 and 100
Explanation
The RSI compares the average upward and downward moves over a period, often 14 days. High values indicate a long series of rises, low values a series of declines. Relative strength compared with an index is a different measure.