Overbought assets are generally considered suitable for sale. As such, there's an expectation that the market will see a correction in the price in the near term. An overbought asset tends to be indicative of recent or short-term price movements. The term overbought refers to an instance when an asset's trading value is above its fair or intrinsic value. Live Charts provides free commodity trading charts, forex live charts, major indices, Gold price charts,crude oil charts, index and stock charts.In addition to our charts we also provide historical data and stock market message boards in our members area.
Market statisticians and traders use the RSI with other technical indicators to identify opportunities to enter or exit a position. Live Charts UK is a provider of stock market charts for daytrading.The relative strength index is a momentum indicator that looks at the pace of recent price changes to determine whether a stock is ripe for a rally or a selloff.
