$SIREN daily RSI is 80.4, in overbought territory.
Since we're looking at this number, let's talk about RSI.
Mathematically, RS = average gain divided by average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a simple arithmetic mean.
RSI is calculated from past prices and describes the strength of past gains and losses; it can't tell you what to do next.
Rare readings often come with larger price swings. At times like these, it's better to reduce leverage rather than add to your position.
Since we're looking at this number, let's talk about RSI.
Mathematically, RS = average gain divided by average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a simple arithmetic mean.
RSI is calculated from past prices and describes the strength of past gains and losses; it can't tell you what to do next.
Rare readings often come with larger price swings. At times like these, it's better to reduce leverage rather than add to your position.