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Shares RSIs, highs and lows

A quick look at shares trading at overbought and oversold levels.

Relative strength index is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset.

An asset is viewed as overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a candidate for a possible pullback. Conversely, if the RSI approaches 30, it is an indication that the asset may be oversold and may become undervalued.

Relative Strength Index (RSI)

Company

Share Price

Oversold

Company

Share Price

Overbought

Drax Group 662 26.86 Salamander Energy 118 80.47
N Brown Group 505.5 29.30 Investec 509.5 73.69
Betfair Group 971.5 29.81 Caledonia Investments/fund 2092 73.30
Euromoney Institutional Investor 1150 30.02 AMEC 1232 72.67
Ocado Group 339.9 31.45 JD Sports Fashion 1770 72.09
Chemring Group 236.5 31.50 Centamin 62.65 71.27
Redrow 276.9 32.95 Imperial Tobacco Group 2545 70.29

 

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