Shares RSIs

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

Euromoney Institutional Investor 1118 24.23 Salamander Energy 122 84.30
N Brown Group 510 26.51 JD Sports Fashion 1810 74.04
Drax Group 662 26.71 Centamin 65.5 73.91
Chemring Group 227.75 26.87 Investec 518 72.39
Premier Foods 56 29.02 Imperial Tobacco Group 2549 71.70
Ocado Group 330.1 29.65 Tate & Lyle 691 70.32
CPP Group 9.625 31.03 AMEC 1230 70.39

 

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

Carnival 2295 -0.14% Babcock International Group 1213 1.47%
Tate & Lyle 691 -0.38% Millennium & Copthorne Hotels 553.5 2.20%
Genus 1032 -0.70% WH Smith 1092 2.53%
Hays 153.2 -0.74% WM Morrison Supermarkets 197.8 2.59%
Kenmare Resources 13.25 -0.76% Dixons 45 2.60%
Stagecoach Group 373.5 -0.78% Shanks Group 101.75 4.04%
Dairy Crest Group 473.9

-0.82%

Savills 603.5 4.84%

 

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