How to Read Daily Performance in Last (x) days Chart
  1. The Absolute values of “Percentage Off From Highs” in the Last 7, 30, 50, 100, 200 trading days is reported for the date shown.
  2. The Percentile value corresponding to the “Percentage Off From Highs” value is reported for the indicated date.
  3. For reference, historical RSI values for each of the durations is shown for typical percentile values (5th to 95th).
FAQ's on Daily RSI Charts
1. What does Percent Off From Highs in Last (x) Days represent and what is its significance?
Percent Off From Highs in Last (x) Days measures the strength of security over a certain period of time. It can be used to make judgments on short, medium, and long term movement of the security.

 

2. What is the significance of percentile values as shown in banner B above?
The percentile value for “Percentage Off From Highs” is shown for the investor to get a perspective of how often has the market been at that absolute level in historically.

 

3. What does the color scale in the chart represent?
The colors in the chart progressing from Red to Green represent Lower to Higher Percentage Off From High in Last (x) days.
 
4. How can I use “Percentage Off From Highs” values to trade securities?
 
Simply stated, this metric shows where the current price of a security is from the highs in the last 7, 30, 50, 100, 200 days. Depending on your investment horizon objectives, and the current percentile values of the performance in a specific time frame, we can know if that security is in the over-bought or over-sold category.

© 2019 Evariation Investing

Evariation Investing is not a registered investment advisor, tax advisor, legal advisor, or financial broker. All investment and financial opinions expressed are from the personal research and experience of the owner of the site and are intended as educational material. Occasional unintentional errors may occur. It is very important that you do your own analysis or consult with a financial advisor for your personal situation.

  • White Instagram Icon
  • Twitter Clean