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It is an volume indicator calculated as the ratio of the value of a stock to the cumulative volume traded at a particular time.
It allows traders to figure out the trading opportunities & direction of market trends.
It indicates negative momentum i.e. slow demand or decreasing share price.
RSI indicators oscillate between 0 to 100 ratio, suggesting a buy signal when it falls below 30 & a sell signal when it's above 70.
It compares the closing price of a securities to a range of prices over time to help predict trend reversals.