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RSI Below 30

List of Stocks with RSI below 30. RSI is a popular technical indicator that traders use to find trade setups. Stocks with rsi below 30 are considered oversold. However, oversold does not necessary mean bullish as some bearish stocks stay in the oversold area for a long time. It is better to wait for a stock to cross over from the oversold area.

If you are stock market beginner, check out Popular Trading Strategies.

Stocks With Rsi Below 30

This list of RSI under 30 lists stocks trading on NASDAQ, NYSE and AMEX and is updated each day after market close. Stocks with low RSI is worth watching because as soon as the RSI rises above the oversold area, a stock has potential to rebound from the bottom. Low RSI stocks are worth watching for swing trading and day trading purposes, and may be less useful for long term investors.

9/25/2020
Symbol Chart Open High Low Close Volume % Change Stock Predictions
JFU 0.79 0.97 0.78 0.86 1769400 7.50% JFU Stock Predictions
TSLA 393.47 408.73 391.30 407.34 66785500 5.04% TSLA Stock Predictions
AMRN 3.63 3.83 3.58 3.81 7370100 4.67% AMRN Stock Predictions
NR 1.19 1.28 1.17 1.27 1093000 4.10% NR Stock Predictions
NBR 23.91 25.00 23.25 24.52 560800 3.81% NBR Stock Predictions
AAPL 108.43 112.44 107.67 112.28 149221900 3.75% AAPL Stock Predictions
PAA 5.53 5.65 5.37 5.65 8037600 3.48% PAA Stock Predictions
ODT 12.99 13.55 12.79 13.36 306600 2.77% ODT Stock Predictions
PAGP 5.75 5.82 5.55 5.80 2931500 2.65% PAGP Stock Predictions
DRQ 22.72 23.76 22.63 23.53 366800 2.44% DRQ Stock Predictions
KDP 27.14 27.95 27.10 27.88 4276500 2.27% KDP Stock Predictions
FGB 2.26 2.31 2.23 2.30 264000 2.22% FGB Stock Predictions
CRBP 1.57 1.70 1.53 1.57 4205400 1.95% CRBP Stock Predictions
MRTN 15.85 16.44 15.51 16.27 353000 1.88% MRTN Stock Predictions
CXDO 5.64 5.80 5.52 5.59 269000 1.64% CXDO Stock Predictions
ATGE 24.05 24.70 24.04 24.62 864600 1.61% ATGE Stock Predictions
REZI 9.90 10.33 9.82 10.20 794300 1.59% REZI Stock Predictions
SCOR 1.93 2.06 1.93 1.98 270500 1.54% SCOR Stock Predictions
ATHA 16.01 16.42 16.00 16.25 268900 1.44% ATHA Stock Predictions
CSPR 6.60 6.85 6.51 6.65 240800 1.37% CSPR Stock Predictions
CIEN 39.11 39.41 38.54 39.32 2507600 1.29% CIEN Stock Predictions
DBVT 1.63 1.66 1.59 1.60 1062300 1.27% DBVT Stock Predictions
SJI 18.66 18.97 18.55 18.93 1264200 1.18% SJI Stock Predictions
GCP 19.89 20.56 19.89 20.40 326800 1.14% GCP Stock Predictions
MLPX 21.89 22.24 21.76 22.21 391000 1.09% MLPX Stock Predictions
KHC 28.88 29.22 28.56 29.13 5703100 1.01% KHC Stock Predictions
NEE-Q 47.37 48.03 47.01 47.88 254400 1.01% NEE-Q Stock Predictions
VSAT 32.47 32.96 31.96 32.94 456400 0.98% VSAT Stock Predictions
SNP 40.21 40.40 39.98 40.39 222100 0.98% SNP Stock Predictions
XOM 34.00 34.94 33.88 34.64 23451100 0.93% XOM Stock Predictions
BLU 2.15 2.22 2.15 2.17 411300 0.93% BLU Stock Predictions
EPD 15.37 15.55 15.20 15.51 7489200 0.91% EPD Stock Predictions
CTB 29.61 30.23 29.50 30.15 265800 0.90% CTB Stock Predictions
WAFD 20.14 20.59 20.11 20.54 276000 0.88% WAFD Stock Predictions
POWI 51.72 53.21 51.35 52.76 285300 0.86% POWI Stock Predictions
AKBA 2.48 2.64 2.46 2.48 6451300 0.81% AKBA Stock Predictions
GP 11.40 12.12 11.16 11.18 429300 0.81% GP Stock Predictions
HMSY 23.34 23.70 23.34 23.64 284800 0.77% HMSY Stock Predictions
QVCC 22.21 22.68 22.15 22.29 237000 0.77% QVCC Stock Predictions
TDS 18.32 18.71 18.17 18.61 688500 0.76% TDS Stock Predictions
WAT 189.15 191.99 188.22 191.06 317000 0.75% WAT Stock Predictions
HBNC 9.43 9.62 9.42 9.59 201100 0.74% HBNC Stock Predictions
TREX 67.72 69.34 67.00 68.50 428400 0.71% TREX Stock Predictions
HMN 32.44 33.30 32.35 32.99 340700 0.70% HMN Stock Predictions
ENR 38.95 39.72 38.87 39.41 318700 0.69% ENR Stock Predictions
CCI.W 1.42 1.48 1.35 1.45 246900 0.69% CCI.W Stock Predictions
IYZ 26.67 26.91 26.50 26.87 300700 0.67% IYZ Stock Predictions
FMBI 10.44 10.65 10.38 10.61 540600 0.66% FMBI Stock Predictions
LTRPA 1.66 1.67 1.60 1.63 935600 0.62% LTRPA Stock Predictions
LRN 26.29 26.66 25.66 26.51 1731000 0.61% LRN Stock Predictions
FSP 3.44 3.50 3.34 3.47 443000 0.58% FSP Stock Predictions
SYNH 50.92 51.79 50.59 51.58 2545600 0.57% SYNH Stock Predictions
CVAC 44.20 45.80 43.30 44.05 484400 0.57% CVAC Stock Predictions
YJ 1.76 1.88 1.71 1.76 314300 0.57% YJ Stock Predictions
CNSL 5.57 5.64 5.44 5.61 424600 0.54% CNSL Stock Predictions
KYN 3.91 3.97 3.85 3.94 1506400 0.51% KYN Stock Predictions
CXW 8.00 8.15 7.95 8.04 1367400 0.50% CXW Stock Predictions
ORI 14.01 14.24 13.99 14.23 1937800 0.49% ORI Stock Predictions
MJ 10.26 10.43 10.22 10.42 499300 0.48% MJ Stock Predictions
SPDW 28.64 28.98 28.54 28.97 1210200 0.42% SPDW Stock Predictions
MMP 33.81 34.03 33.17 33.89 2140200 0.41% MMP Stock Predictions
CCIV 9.77 9.85 9.77 9.81 692400 0.41% CCIV Stock Predictions
APTS 5.38 5.47 5.22 5.42 580700 0.37% APTS Stock Predictions
AMLP 19.44 19.73 19.13 19.56 3266400 0.31% AMLP Stock Predictions
NBLX 6.50 6.98 6.50 6.91 459100 0.29% NBLX Stock Predictions
DK 10.51 10.82 10.26 10.76 1201800 0.28% DK Stock Predictions
AER 22.71 23.48 22.56 23.09 1538400 0.26% AER Stock Predictions
PUMP 3.77 3.93 3.73 3.86 1348400 0.26% PUMP Stock Predictions
NJR 26.27 26.79 26.20 26.59 509300 0.26% NJR Stock Predictions
IGE 19.57 19.90 19.50 19.79 895500 0.25% IGE Stock Predictions
NGVT 47.65 48.67 47.51 48.32 370600 0.23% NGVT Stock Predictions
TCDA 9.09 9.53 8.92 9.07 545200 0.22% TCDA Stock Predictions
AMPH 17.83 18.15 17.83 18.03 227000 0.22% AMPH Stock Predictions
EFV 39.49 39.90 39.34 39.90 1272200 0.18% EFV Stock Predictions
FXN 5.43 5.53 5.41 5.50 419300 0.18% FXN Stock Predictions
COLB 22.85 23.22 22.62 23.09 236900 0.17% COLB Stock Predictions
AMK 21.28 21.72 21.28 21.52 214400 0.14% AMK Stock Predictions
VRS 7.71 7.90 7.52 7.83 478200 0.13% VRS Stock Predictions
IRM 26.43 26.64 26.30 26.53 2913000 0.11% IRM Stock Predictions
PTR 30.28 30.36 29.97 30.34 262600 0.10% PTR Stock Predictions
AMJ 10.56 10.67 10.36 10.56 1385400 0.09% AMJ Stock Predictions
SSYS 12.01 12.33 12.00 12.08 829900 0.08% SSYS Stock Predictions
NOAH 24.95 25.44 24.77 25.24 204900 0.08% NOAH Stock Predictions
ANGL 29.38 29.49 29.29 29.43 1212800 0.07% ANGL Stock Predictions
UBSI 20.71 21.14 20.57 21.00 484200 0.05% UBSI Stock Predictions
CVX 71.01 72.48 70.77 71.83 10987200 0.04% CVX Stock Predictions
T 27.91 28.11 27.75 28.04 35891100 0.00% T Stock Predictions
NRGU 1.61 1.66 1.54 1.62 4553100 0.00% NRGU Stock Predictions
ERX 9.31 9.63 9.19 9.50 3087800 0.00% ERX Stock Predictions
IYE 15.92 16.18 15.81 16.06 1601200 0.00% IYE Stock Predictions
EXG 7.25 7.29 7.22 7.27 1098300 0.00% EXG Stock Predictions
SPEM 35.39 35.69 35.19 35.67 572100 0.00% SPEM Stock Predictions
MLPA 21.42 21.65 21.05 21.46 542300 0.00% MLPA Stock Predictions
AIKI 0.53 0.56 0.52 0.55 531900 0.00% AIKI Stock Predictions
HPX 9.82 9.83 9.66 9.82 503400 0.00% HPX Stock Predictions
TMBR 0.98 1.03 0.94 0.97 451500 0.00% TMBR Stock Predictions
USWSW 0.02 0.02 0.02 0.02 379100 0.00% USWSW Stock Predictions
BCOR 8.64 8.93 8.37 8.82 250900 0.00% BCOR Stock Predictions
TEI 7.32 7.39 7.32 7.37 203200 0.00% TEI Stock Predictions
EXPO 71.62 72.21 71.25 71.83 574200 -0.03% EXPO Stock Predictions
XLE 29.89 30.41 29.70 30.18 27143600 -0.07% XLE Stock Predictions
DISH 28.41 28.75 27.99 28.55 2362700 -0.10% DISH Stock Predictions
SHLX 9.19 9.37 8.96 9.23 1388200 -0.11% SHLX Stock Predictions
PHB 18.38 18.46 18.37 18.42 1080600 -0.11% PHB Stock Predictions
BPMP 9.39 9.61 9.30 9.50 454500 -0.11% BPMP Stock Predictions
SBNY 84.01 84.62 82.47 84.00 363400 -0.11% SBNY Stock Predictions
PZA 26.69 26.71 26.64 26.65 287100 -0.11% PZA Stock Predictions
NBL 8.39 8.58 8.37 8.49 14721100 -0.12% NBL Stock Predictions
FENY 7.90 8.03 7.85 7.97 865600 -0.13% FENY Stock Predictions
MO 38.12 38.41 37.78 38.27 7854100 -0.16% MO Stock Predictions
SATS 24.71 25.03 24.52 24.93 219900 -0.16% SATS Stock Predictions
VDE 40.25 40.90 40.02 40.57 990400 -0.20% VDE Stock Predictions
DDD 4.66 4.72 4.62 4.65 2177800 -0.21% DDD Stock Predictions
EWP 21.26 21.55 21.22 21.49 1768200 -0.23% EWP Stock Predictions
HAFC 7.66 7.87 7.66 7.74 220500 -0.26% HAFC Stock Predictions
MOMO 13.85 13.90 13.66 13.83 2709700 -0.29% MOMO Stock Predictions
KEX 35.94 36.58 35.76 35.97 785700 -0.33% KEX Stock Predictions
MNRO 40.83 41.08 40.03 40.82 361800 -0.34% MNRO Stock Predictions
BCX 5.93 5.97 5.90 5.95 218100 -0.34% BCX Stock Predictions
EVV 11.31 11.33 11.25 11.32 362500 -0.35% EVV Stock Predictions
OM 52.33 53.55 51.35 51.80 265600 -0.35% OM Stock Predictions
CEF 18.02 18.27 18.01 18.16 441300 -0.38% CEF Stock Predictions
BP 17.85 17.92 17.64 17.86 14515900 -0.39% BP Stock Predictions
C 41.84 42.13 41.52 42.02 26865800 -0.40% C Stock Predictions
SFL 7.53 7.72 7.44 7.55 574500 -0.40% SFL Stock Predictions
LKQ 26.90 27.31 26.73 27.08 4196100 -0.44% LKQ Stock Predictions
DSSI 6.66 6.80 6.55 6.69 202200 -0.45% DSSI Stock Predictions
HYT 10.54 10.54 10.48 10.51 332100 -0.47% HYT Stock Predictions
IXC 16.51 16.64 16.36 16.58 1055200 -0.48% IXC Stock Predictions
STSA 4.08 4.23 4.01 4.08 642400 -0.49% STSA Stock Predictions
INFN 5.86 5.98 5.78 5.84 1268200 -0.51% INFN Stock Predictions
DEM 34.44 34.60 34.21 34.56 373500 -0.52% DEM Stock Predictions
LPI 9.15 9.61 8.96 9.35 624800 -0.53% LPI Stock Predictions
ET 5.52 5.56 5.34 5.49 20562400 -0.54% ET Stock Predictions
GT 7.40 7.51 7.30 7.42 4022400 -0.54% GT Stock Predictions
BRC 38.66 39.54 38.66 39.02 253500 -0.54% BRC Stock Predictions
ATKR 22.12 22.48 21.96 22.23 243100 -0.54% ATKR Stock Predictions
HAPP 1.84 2.25 1.78 1.80 2104700 -0.55% HAPP Stock Predictions
FHB 14.49 14.76 14.38 14.49 872800 -0.55% FHB Stock Predictions
TEF 3.46 3.49 3.44 3.48 1998300 -0.57% TEF Stock Predictions
WW 18.02 18.88 18.02 18.12 1038700 -0.60% WW Stock Predictions
PSTH 22.32 22.37 21.85 21.90 1012000 -0.64% PSTH Stock Predictions
EUFN 13.19 13.31 13.12 13.30 4360500 -0.67% EUFN Stock Predictions
CGC 14.15 14.34 13.88 14.17 3424000 -0.70% CGC Stock Predictions
VOD 13.28 13.42 13.20 13.36 5706600 -0.74% VOD Stock Predictions
DEN 18.88 19.00 18.37 18.74 395100 -0.79% DEN Stock Predictions
SIGI 49.22 49.50 48.66 49.20 226800 -0.83% SIGI Stock Predictions
JQC 5.96 5.96 5.84 5.88 833900 -0.84% JQC Stock Predictions
TPRE 6.81 6.86 6.74 6.76 295400 -0.88% TPRE Stock Predictions
CMTL 13.22 13.55 12.96 13.20 295200 -0.90% CMTL Stock Predictions
MUR 8.68 8.90 8.56 8.73 4036300 -0.91% MUR Stock Predictions
ERUS 32.23 32.37 31.89 32.27 255000 -0.92% ERUS Stock Predictions
ADT 8.19 8.41 8.16 8.17 6620800 -0.97% ADT Stock Predictions
FXI 40.45 40.76 40.22 40.70 23398300 -1.00% FXI Stock Predictions
SIVR 21.99 22.38 21.93 22.15 699400 -1.03% SIVR Stock Predictions
VNOM 7.54 7.63 7.35 7.52 206000 -1.05% VNOM Stock Predictions
CCOI 59.48 59.96 58.72 59.07 440000 -1.07% CCOI Stock Predictions
VCNX 1.78 2.00 1.77 1.79 5639600 -1.10% VCNX Stock Predictions
NRGX 6.15 6.19 6.08 6.10 256700 -1.13% NRGX Stock Predictions
INT 21.21 21.62 21.09 21.24 547500 -1.16% INT Stock Predictions
NBIX 98.13 98.98 96.67 97.70 799400 -1.17% NBIX Stock Predictions
XOP 42.38 42.74 41.77 42.39 5516200 -1.19% XOP Stock Predictions
HAL 12.31 12.57 12.21 12.37 14441200 -1.20% HAL Stock Predictions
EMD 12.50 12.50 12.30 12.35 263700 -1.20% EMD Stock Predictions
SLV 21.16 21.54 21.11 21.30 34778100 -1.21% SLV Stock Predictions
TAP 32.87 33.20 32.19 32.65 2353900 -1.21% TAP Stock Predictions
ACIU 4.95 4.99 4.70 4.79 690200 -1.24% ACIU Stock Predictions
DESP 6.37 6.41 6.26 6.35 396100 -1.24% DESP Stock Predictions
TCP 26.17 26.62 25.70 26.03 462900 -1.25% TCP Stock Predictions
AA 11.50 11.76 11.30 11.55 6186300 -1.28% AA Stock Predictions
FCG 6.14 6.20 6.04 6.11 420900 -1.29% FCG Stock Predictions
DB 7.90 8.01 7.84 8.00 5569200 -1.36% DB Stock Predictions
AXL 5.03 5.20 4.98 5.04 1705600 -1.37% AXL Stock Predictions
HOG 22.89 23.26 22.56 22.78 4149100 -1.39% HOG Stock Predictions
CDR 0.71 0.74 0.70 0.71 597000 -1.39% CDR Stock Predictions
VC 65.09 67.13 64.22 64.60 372000 -1.39% VC Stock Predictions
NS 10.31 10.58 10.20 10.30 1190800 -1.44% NS Stock Predictions
ZGNX 17.75 18.08 17.23 17.50 6839600 -1.46% ZGNX Stock Predictions
PSLV 8.12 8.24 8.06 8.12 2586000 -1.46% PSLV Stock Predictions
CS 9.38 9.49 9.35 9.48 2240100 -1.46% CS Stock Predictions
PSXP 22.30 22.43 21.55 22.02 633200 -1.48% PSXP Stock Predictions
FEI 4.66 4.73 4.59 4.62 315600 -1.49% FEI Stock Predictions
MFGP 3.24 3.26 3.18 3.26 979000 -1.51% MFGP Stock Predictions
HSBC 18.01 18.12 17.95 18.11 3673600 -1.52% HSBC Stock Predictions
ACH 5.02 5.08 5.00 5.07 222600 -1.55% ACH Stock Predictions
NOK 3.78 3.79 3.72 3.78 32598400 -1.56% NOK Stock Predictions
SBH 9.12 9.30 8.90 9.13 2357000 -1.62% SBH Stock Predictions
JWN 12.07 12.21 11.80 11.92 9897200 -1.65% JWN Stock Predictions
GLMD 3.65 3.70 3.57 3.58 228000 -1.65% GLMD Stock Predictions
PEI 0.53 0.55 0.51 0.53 1459600 -1.85% PEI Stock Predictions
SBBP 2.14 2.20 2.06 2.12 480500 -1.85% SBBP Stock Predictions
GTHX 12.22 12.45 11.82 12.09 841500 -1.87% GTHX Stock Predictions
OII 3.57 3.66 3.41 3.55 2215300 -1.93% OII Stock Predictions
ASC 3.05 3.12 2.99 3.02 275600 -1.95% ASC Stock Predictions
ATEN 6.60 6.67 6.27 6.49 1177100 -1.96% ATEN Stock Predictions
MCS 7.97 8.31 7.86 7.88 1048900 -1.99% MCS Stock Predictions
TOT 32.55 32.74 32.30 32.70 2738900 -2.01% TOT Stock Predictions
OIH 98.08 98.82 96.21 97.37 476600 -2.11% OIH Stock Predictions
CENX 7.16 7.28 7.03 7.11 880400 -2.20% CENX Stock Predictions
EC 10.10 10.11 9.80 9.93 828200 -2.26% EC Stock Predictions
ETP-E 18.60 18.80 17.96 18.01 227000 -2.38% ETP-E Stock Predictions
TS 9.57 9.61 9.43 9.53 1595700 -2.46% TS Stock Predictions
UBS 10.44 10.53 10.39 10.51 2671800 -2.50% UBS Stock Predictions
COTY 2.80 2.85 2.68 2.70 13387000 -2.53% COTY Stock Predictions
SPTN 16.41 16.50 15.94 16.02 358300 -2.55% SPTN Stock Predictions
TEN 6.50 6.66 6.19 6.38 1197000 -2.60% TEN Stock Predictions
TLGT 0.87 0.87 0.74 0.75 224000 -2.60% TLGT Stock Predictions
UVE 14.43 14.57 13.96 14.18 233000 -2.61% UVE Stock Predictions
E 15.69 15.71 15.42 15.52 371500 -2.63% E Stock Predictions
GORO 3.29 3.29 3.19 3.22 686800 -2.72% GORO Stock Predictions
ERF 1.81 1.82 1.74 1.78 1156100 -2.73% ERF Stock Predictions
SU 12.58 12.64 12.27 12.43 9652700 -2.74% SU Stock Predictions
IMO 12.56 12.57 12.17 12.29 428500 -2.85% IMO Stock Predictions
ACB 5.29 5.29 4.92 5.05 9436600 -2.88% ACB Stock Predictions
BEST 3.13 3.13 2.93 3.01 2505900 -2.90% BEST Stock Predictions
CARA 13.28 13.42 12.91 12.94 443900 -3.00% CARA Stock Predictions
RDS.A 25.89 26.08 25.55 25.74 9599800 -3.01% RDS.A Stock Predictions
GGAL 7.69 7.77 7.21 7.40 1740100 -3.01% GGAL Stock Predictions
COWN 15.48 15.48 14.91 15.12 539400 -3.01% COWN Stock Predictions
PRAA 39.40 39.85 38.26 38.38 303900 -3.20% PRAA Stock Predictions
UAMY 0.34 0.34 0.30 0.30 599700 -3.23% UAMY Stock Predictions
PIRS 2.02 2.12 1.96 1.96 783300 -3.45% PIRS Stock Predictions
DNOW 4.92 5.00 4.74 4.81 1570600 -3.61% DNOW Stock Predictions
HLX 2.42 2.50 2.35 2.37 2916800 -3.66% HLX Stock Predictions
CLB 15.87 16.17 15.03 15.54 450600 -3.78% CLB Stock Predictions
ENBL 4.04 4.15 3.98 3.99 1110800 -3.86% ENBL Stock Predictions
YPF 3.78 3.84 3.68 3.68 1034900 -4.17% YPF Stock Predictions
GRIL 1.43 1.43 1.31 1.38 598700 -4.17% GRIL Stock Predictions
RTLR 5.90 5.98 5.57 5.67 637500 -4.22% RTLR Stock Predictions
EXPR 0.71 0.73 0.67 0.68 4603400 -4.23% EXPR Stock Predictions
FTI 6.10 6.13 5.96 6.06 7690500 -4.42% FTI Stock Predictions
SLCA 3.05 3.14 2.91 2.95 1007100 -5.14% SLCA Stock Predictions
PBF 6.10 6.23 5.75 5.84 6841100 -5.81% PBF Stock Predictions
SUMO 23.81 23.86 21.50 22.20 2325200 -5.81% SUMO Stock Predictions
OIS 2.85 2.91 2.69 2.70 1150900 -5.92% OIS Stock Predictions
NOV 10.01 10.18 9.50 9.51 10793100 -6.31% NOV Stock Predictions
VET 2.53 2.55 2.35 2.38 1793600 -6.67% VET Stock Predictions
BORR 0.65 0.68 0.65 0.67 645800 -6.94% BORR Stock Predictions
FRAN 2.78 3.15 2.61 2.69 819700 -8.50% FRAN Stock Predictions
KBNT 2.90 2.92 2.47 2.66 379300 -8.90% KBNT Stock Predictions
RAD 10.64 11.17 9.68 10.00 17903900 -8.93% RAD Stock Predictions
APA 10.74 10.83 9.84 9.85 22735300 -9.63% APA Stock Predictions
RIG 0.87 0.90 0.79 0.80 39128700 -10.11% RIG Stock Predictions
UTI 5.59 5.62 5.24 5.27 418400 -10.22% UTI Stock Predictions


Test the Signals

RSI Stock Screener

How to Trade RSI Below 30

When the RSI indicator is below 30, the stock is considered oversold. However, just because the RSI indicator is showing the stock as oversold, doesn't mean it is time to buy the stock. Sometimes, a weak stock can keep going down while the RSI is oversold for a long period of time.

A safer strategy would be to wait for the RSI to rise and crossover above 30 and look for other signals for strength. For instance, the RSI for the DIS stock dipped below 30 since late February, and stayed there for almost 3 weeks while it's stock price kept dropping. If a trader were to buy the stock as soon as the RSI indicator dropped below 30, he would be in big trouble.




1 Simple Options Strategy - 738% ROI


A better strategy would be to wait for the stock to cross above 30.

  1. The RSI crossed above 30 on March 13 which is the first sign of recovery
  2. The MACD crossover on March 25 which offers a confirmation signal that the stock is indeed in the recovering mode.
  3. A buy signal is triggered based on the RSI and MACD Crossover indicator

You can and should combine RSI with other technical indicators because it is risky to trade base solely on RSI.

The following two stocks, TSLA and COUP always showing similar results during this period.



Using the same strategy as above where we wait for the RSI to cross above 30, and then for the MACD to crossover the signal line. We would have made a nice little profit using this strategy combining the RSI and MACD.

Technical indicators are a double edged sword. When using properly, a trader is able to gain an edge in stock trading, and trade for profit. However, when a trader falls in love with any indicator, they are doom to lose money.

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Both RSI and MACD are lagging indicators meaning they are derived from the stock price. The signals will not always work otherwise a monkey would have made money in the stock market following this strategy.

When the trade fails to move higher after the bullish signals generated by RSI and MACD, one should get out and move on to the next trade. Some traders are so stubborn and refuse to get out even when they are already losing money. Worst of all, they doubled down on their losing positions hoping to recoup their losses which makes the matters even worse. A trader should set a stop loss on every trade they execute. Before you buy a stock, you need to know how much are you willing to lose on that trade and get out when it hits your stop loss.
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