aqn

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hi

just saw your email about aqn..I have not clue what it meant

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Asked on October 12, 2020 12:55 pm
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This article might help as well!

https://www.investopedia.com/articles/active-trading/042114/overbought-or-oversold-use-relative-strength-index-find-out.asp

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Posted by Dan Kent
Answered on October 12, 2020 1:34 pm
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Hey there, we just stated that Algonquin Power has entered overbought territory with an RSI (Relative Strength Index) of over 70.

RSI of 70+ = overbought
RSI of 30 or less = oversold

This is a technical indicator a lot of investors use to time entries. For example, they won't buy an overbought stock until it dips, as an RSI above 70 means a dip could be coming. And they'll purchase stocks that are in oversold territory (rsi under 30) because they feel a pop in price may be coming.

Obviously, technical indicators are by no means 100% accurate. This is just one of the more reliable ones we've found, and the only one we use.

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Posted by Dan Kent
Answered on October 12, 2020 1:33 pm