Shares RSIs, highs and lows

Chris Beauchamp takes quick look at shares trading at significant 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

Serco 332.5 16.08 Salamander Energy 145 89.00
Chemring Group 226.5 21.86 Royal Dutch Shell 2356.5 79.50
Euromoney Institutional Investor 1081 23.01 BG Group 1223.5 77.36
Fidessa Group 2234 23.76 AstraZeneca 4692.5 77.36
Paragon Group 356.1 24.69 Investec 524 75.50
SuperGroup 1366 24.94 Heritage Oil 314.5 74.82
CSR 560 27.13 Centamin 64.65 74.07

 

We can also see which shares are close to recent 52-week highs and lows. One popular strategy is to buy when the shares exceed 52-week highs and sell when they fall below 52-week lows.

Highs/Lows

Company

Share Price

% off 52-week high

Company

Share Price

% off 52-week low

Greggs 544.5 0.00% Kenmare Resources 12.5 2.04%
AZ Electronic Materials SA 403.5 -0.15% WM Morrison Supermarkets 200.9 2.81%
National Grid 843.5 -0.71% Tesco 288 3.41%
Bunzl 1674 -0.95% International Public Partnerships 128.1 3.72%
Royal Dutch Shell 2356.5 -1.03% Devro 212.75 3.78%
Provident Financial 1995 -1.04% Dairy Crest Group 463.9 3.99%
Heritage Oil 314.5 -1.07% Informa 487.4 4.70%

 

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.