$AGT Daily RSI is 76.2, entering overbought territory.
Let’s unpack what’s behind this number.
Simply put, RSI measures the share of total price movement over a given period that comes from gains. The more and stronger the gains, the closer RSI gets to 100.
Extreme readings on the daily chart usually carry more weight than those on the 4-hour chart. Shorter timeframes produce signals more often, but also more false signals.
Don’t disrupt your original game plan based on a single number, and don’t use borrowed money to test a hunch.
Personal notes. Make your own trading decisions.
Let’s unpack what’s behind this number.
Simply put, RSI measures the share of total price movement over a given period that comes from gains. The more and stronger the gains, the closer RSI gets to 100.
Extreme readings on the daily chart usually carry more weight than those on the 4-hour chart. Shorter timeframes produce signals more often, but also more false signals.
Don’t disrupt your original game plan based on a single number, and don’t use borrowed money to test a hunch.
Personal notes. Make your own trading decisions.