RSI, or Relative Strength Index, is like the mood ring of the stock market. It tells you when a stock is feeling a little too high on itself (overbought) or when it’s down in the dumps (oversold). In other words, it helps you buy low and sell high—the golden rule of investing!
Think of RSI as your trusty weather forecaster. Instead of predicting if you need an umbrella, its here to tell you if you need to look into that stock or wait for a better day.
Really Simple Investments is a mobile app that tracks the RSI on a list of common ETFs. Some of the features of the app include:
- List of common ETFs sorted by their most recent RSI value
- Detailed view of an ETF where you can see a quick summary of the ticker (price, history, etc.)
- Bookmarking ETFs for quick access (add to favorites)
- Push notifications when RSI movement is detected (30/70)