United Breweries, Go Fashion among 10 stocks with RSI trending down
Relative Strength Index (RSI). Today, we delve into why RSI matters and take a closer look at 10 stocks that have witnessed a decline in their RSI.
The Relative Strength Index (RSI) is a technical indicator that aids investors in understanding the momentum and velocity of price movements. It provides crucial insights into a stock's overbought or oversold condition, among other things.
10 Stocks with Declining RSI
On October 17, StockEdge reported 17 stocks with a declining RSI.
Here are 10 of these stocks to keep an eye on:
1) VIP Industries Ltd.
RSI: 48.57
Prev. RSI: 58.38
2) GMR Airports Infrastructure Ltd.
RSI: 48.54
Prev. RSI: 50.66
3) Amara Raja Energy & Mobility Ltd.
RSI: 47.97
Prev.
RSI: 55.38
4) United Breweries Ltd.
RSI: 47.78
Prev. RSI: 52.58
5) Go Fashion (India) Ltd.
RSI: 47.68
Prev. RSI: 50.79
6) Tata Consultancy Services Ltd.
RSI: 46.8
Prev.
RSI: 53.33
7) Endurance Technologies Ltd.
RSI: 46.52
Prev. RSI: 50.71
8) JB Chemicals & Pharmaceuticals Ltd.
RSI: 43.57
Prev. RSI: 51.89
9) Asahi India Glass Ltd.
RSI: 46.32
Prev.
RSI: 51.33
10) Sumitomo Chemical India Ltd.
RSI: 45.7
Prev. RSI: 51.18
Data pertaining to stocks whose RSI was trending down on October 18, Wednesday will be updated later today after market hours.
(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own.
