What is a low RSI number that would indicate a stock is oversold
3/11/2024 04:46pm
A low RSI number that would indicate a stock is oversold is typically below 30. When the RSI falls below 30, it suggests that the stock is trading at a lower price than its fair or intrinsic value, indicating an oversold condition. This can be seen as a potential buying opportunity, as the stock may be undervalued and could potentially rebound in the future. However, it's important to consider other factors and conduct further analysis before making any trading decisions based on RSI levels alone.