The pattern indicates that the downward momentum has weakened, hinting at a renewed upswing ahead of the CPI release.

Its value rose to 30.01 throughout the day. The ascending curve on the RSI graph reflects the bullish resurgence. If the buying activities intensify, the RSI can go above 40. The Graph 4-hour ...

One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to ...