The Relative Strength Index is a momentum indicator used to determine of a stock or asset is overbought or oversold. The RSI is usually represented as a oscillating line graph from 0 – 100. The standard interpretation is that a value over 70 indicates that a stock or asset is becoming overbought or overvalued, thus may be facing a reversal. A reading of 30 or below indicates an oversold or undervalued position.
We don't know everything about the markets. We're just devoted to learners. Taken from those smarter than ourselves, here's how we define RSI.