What does rsi mean

The Relative Strength Index (RSI) is a technical analysis tool used to measure the speed and change of price movements. It ranges from 0 to 100 and is used to identify overbought or oversold conditions in a market. An RSI of 70 or above is typically considered overbought, indicating that a stock or asset may be due for a price correction or decline. Conversely, an RSI below 30 is considered oversold, suggesting that a stock or asset may be undervalued and due for a price rebound.