Con Ed (ED) Loses -6.18% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Here is How to Spot Oversold Stocks reverse soon for reaching the old equilibrium of supply and demand. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irr ...