The Relative Strength Index (RSI) is a momentum oscillator introduced by J. Welles Wilder in 1978 to detect price extremes in markets. It measures asset strength on a 0-100 scale, highlighting potential reversals when above 70 (overbought) or below 30 (oversold).
Using the current price relative to daily true range indicator can provide valuable insights into a stock’s performance throughout the day. In this blog post, we explore how to use this tool to monitor a stock’s intraday performance, identify bullish or bearish signals, and gain a more comprehensive understanding of short-term price dynamics
Stock price Week-to-Date (WTD) return is a measure of the change in a stock’s price from the beginning of the current trading week to the current date. The WTD return is calculated by subtracting the stock’s previous week’s closing price from its current price and then dividing the result by the previous week’s closing price. The result is then expressed as a percentage, representing the stock’s WTD return
Month-to-date (MTD) stock price return is the percentage change in the stock price from the beginning of the current month to the current date. It is calculated by taking the difference between the stock price at the current date and the stock price at the previous month’s close and dividing that amount by the stock price at the previous month’s close.
The month-to-month return compares the value of a stock at the end of one month to the value of the stock at the end of the previous month.
YTD stands for “Year-To-Date” and refers to the period of time from the beginning of the current calendar year to the present date. It is used to track and measure the performance of investments, such as stocks, over the course of the year.
Learn how to use the 52-week range and current price relative to 52-week range metrics to evaluate the performance and volatility of stocks. This guide explains the calculation of the 52-week range and provides a formula for calculating the current price relative to this range in Google Sheets.