š $AVA daily RSI is 83.2, entering overbought territory.
RSI itself doesnāt drive prices, but plenty of people watch it, so its reading can influence some peopleās decisions.
In the classic interpretation, an RSI above 70 is considered overbought, while a drop below 30 is called oversold. Some traders use 80 / 20 as stricter thresholds.
All indicators describe past price movements, and the market could just as easily move in the opposite direction.
RSI itself doesnāt drive prices, but plenty of people watch it, so its reading can influence some peopleās decisions.
In the classic interpretation, an RSI above 70 is considered overbought, while a drop below 30 is called oversold. Some traders use 80 / 20 as stricter thresholds.
All indicators describe past price movements, and the market could just as easily move in the opposite direction.