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Plenty of data to be announced by the US this week including those on trade balance, CPI, initial jobless claims, wholesale inventories and consumer sentiments. The UK will declare industrial production, manufacturing production and GDP data. China will announce its FDI, CPI, producer price index (PPI) and trade balance data
The city has reported sporadic incidents of violence since Monday's clashes in the neighbouring Nuh district, resulting in a host of companies asking employees to work from home. "These incidents have the potential to disrupt the mindset of the investor and startup community. People need to be comforted on an immediate basis with strong measures," said Vikram Gupta, founder and managing partner of IvyCap Ventures.
The Relative Strength Index (RSI) is a powerful tool that helps investors assess stock movement and momentum. RSI values above 50 indicate an uptrend, while values below 50 suggest a downtrend. ETMarkets handpicked 10 trending stocks based on upward momentum in their RSI
Discover the significance of RSI in assessing stock movements as ETMarkets selects 10 stocks from the pack of 34 that have witnessed RSI trending down. This article delves into the concept of RSI and why it is crucial for potential investors to analyze RSI movement when making informed decisions in the stock market.
On July 19, 12 stocks were reportedly trending down in relative strength index (RSI), which measures the speed and change of price movements. Stocks with an RSI of 70 or greater are considered overbought, while those under 30 suggest the stock is oversold. Stocks identified by ETMarkets as trending down on July 19 included Maruti Suzuki India, UNO Minda and Hindustan Unilever.