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Contextuall was founded on the belief that people’s online activities are a leading indicator of what they plan to do in the future. - Before you buy a car, you search for the best deals online - If you just lost your job, you tweet about it - If you’re visiting your local shopping mall, you... More
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  • Oversold And Overbought Industries: A Closer Look At The RSI(14) Indicator 0 comments
    Aug 24, 2012 9:28 PM

    Here is a list of the most technically overbought and oversold industries. To create these rankings, Contextuall aggregated Relative Strength (RSI(14)) indicator data for more than 4200 stocks.

    RSI(14) readings above 70 (bullish momentum) are considered overbought, while RSI(14) readings below 30 (bearish momentum) are considered oversold.

    All of the industries mentioned below contain companies with very high or very low RSI(14) readings. (Note that these readings represent an average of all the companies in the industry)

    We've included the top 10 most overbought and most oversold industries below.

    To dig deeper, click on any of the links to see a list of stock tickers included in the calculation. (Premium Members: Share your thoughts in the comment section on the right of this article)

    Bullish Momentum: Industries With The Highest RSI(14) Value

    Silver: Avg RSI(14) = 70.68 (10 companies)
    Long-Term Care Facilities: Avg RSI(14) = 66.66 (12 companies)
    Department Stores: Avg RSI(14) = 63.09 (9 companies)
    Air Service Companies: Avg RSI(14) = 62.76 (7 companies)
    Auto Dealerships: Avg RSI(14) = 62.68 (11 companies)
    Home Health Care: Avg RSI(14) = 62.63 (7 companies)
    Home Furnishing Stores: Avg RSI(14) = 62.55 (6 companies)
    Residential Construction: Avg RSI(14) = 61.98 (16 companies)
    Jewelry Stores: Avg RSI(14) = 61.34 (6 companies)
    Processed & Packaged Goods: Avg RSI(14) = 60.76 (32 companies)

    Selling Pressure: List of Industries With The Lowest RSI(14)

    General Entertainment: Avg RSI(14) = 42.86 (7 companies)
    Major Airlines: Avg RSI(14) = 43.11 (6 companies)
    Discount Stores: Avg RSI(14) = 44.92 (10 companies)
    Consumer Services: Avg RSI(14) = 45.26 (7 companies)
    Education & Training Services: Avg RSI(14) = 45.62 (27 companies)
    Sporting Goods: Avg RSI(14) = 45.71 (6 companies)
    Movie Production & Movie Theaters: Avg RSI(14) = 45.8 (8 companies)
    Electric Utilities: Avg RSI(14) = 45.86 (48 companies)
    Companies Selling Drug Related Products: Avg RSI(14) = 46.16 (7 companies)
    Diversified Utilities: Avg RSI(14) = 46.83 (23 companies)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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