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Negative,
W%R and RSI cannot be used for a stock on trend but mainly on stocks going sideways. Thus my suggestion is take the reading with a pinch of salt. there are some custom indicators for trending counter but need to pay for the it.
The W%R and the RSI indicators measure overbought/oversold conditions.
It seems that Bright World is approaching overbought status.
RSI > 70 means overbought
RSI < 30 - this means oversold
W%R > -20 means overbought
W%R <-80 means oversold
It seems that Bright World is approaching overbought status.
RSI > 70 means overbought
RSI < 30 - this means oversold
W%R > -20 means overbought
W%R <-80 means oversold
Dear Guru,
How is BrighWor fairing? RSI (14 days) 62.999 and Williams %R (14 days) read - 20.833. What does this indicators mean?