$SIREN 4 hours RSI 76.2, entering overbought territory.
Let’s break that number down.
In classic usage, an RSI above 70 is considered overbought, while one below 30 is considered oversold; some traders use 80 / 20 as more extreme thresholds.
RSI is calculated from historical prices and reflects the strength of past price movements. It can’t tell you what will happen next.
Indicators can be wrong, so risk management is essential: deciding in advance what to do if you’re wrong is more important than whether your prediction is accurate.
The data comes from public sources. Please verify it yourself.
Let’s break that number down.
In classic usage, an RSI above 70 is considered overbought, while one below 30 is considered oversold; some traders use 80 / 20 as more extreme thresholds.
RSI is calculated from historical prices and reflects the strength of past price movements. It can’t tell you what will happen next.
Indicators can be wrong, so risk management is essential: deciding in advance what to do if you’re wrong is more important than whether your prediction is accurate.
The data comes from public sources. Please verify it yourself.