Three Ways I Use RSI To Analyze Trends, And Why Alphabet Is Still In A Clear Bullish Phase
Portfolio Pulse from David Keller
The article discusses the use of the Relative Strength Index (RSI) as a tool for analyzing market trends and predicting price inflection points. It provides examples of how RSI can be used to identify overbought and oversold conditions, bearish divergences, and trend phases. The author uses the VanEck Vectors Gold Miners ETF (GDX), Apple Inc. (AAPL), and Alphabet Inc. (GOOGL) as examples.
September 07, 2023 | 3:49 pm
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The article suggests that RSI can be used to identify bearish divergences in AAPL.
The article discusses how bearish divergences, as indicated by RSI, can predict a bullish phase that is 'running out of gas' in AAPL.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The article suggests that RSI can be used to predict short-term price swings in GDX.
The article discusses how overbought and oversold conditions, as indicated by RSI, can predict short-term price swings in GDX.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The article suggests that RSI can be used to determine trend phases in GOOGL.
The article discusses how the RSI can be used to determine whether GOOGL is in a bullish or bearish trend phase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70