RSI Meaning

RSI stands for Relative Strength Index. It's a technical indicator used in financial markets to measure the speed and magnitude of recent price changes, helping traders identify potential overbought or oversold conditions. The RSI, developed by J. Welles Wilder Jr., typically ranges from 0 to 100. A value above 70 generally suggests an asset is overbought, while a value below 30 may indicate it's oversold.