$GTC Daily RSI is 75.1, in overbought territory.
Let’s use this number to talk about RSI.
The formula is: RS = average gain divided by average loss; RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder’s smoothing, not a simple arithmetic mean.
When you see RSI enter an extreme zone, a more reliable approach is to first ask yourself: What’s the broader trend? Where are the key support levels? Can this position withstand further volatility?
Cross-checking multiple data points is more reliable than looking at just one, but even more indicators can’t provide a definitive answer.
Let’s use this number to talk about RSI.
The formula is: RS = average gain divided by average loss; RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder’s smoothing, not a simple arithmetic mean.
When you see RSI enter an extreme zone, a more reliable approach is to first ask yourself: What’s the broader trend? Where are the key support levels? Can this position withstand further volatility?
Cross-checking multiple data points is more reliable than looking at just one, but even more indicators can’t provide a definitive answer.