Many investors look at the RSI or Relative Strength Index for a stock as a measurement of its alterations and speed of price movements. There are both positive and negative reversals for the RSI. It can fluctuate between zero and 100.
Generally, if a stock is over 70 for its RSI then it is considered overbought and if it is under 30 then it is oversold. Three stocks that show they are recommendations for buying currently are Universal Display Corporation (NASDAQ:OLED), Generac Holdings Inc. (NYSE:GNRC), and Brookdale Senior Living, Inc. (NYSE:BKD).
Universal Display Corporation (NASDAQ:OLED) is the first stock that flashes a buy signal at the current time. It has an RSI reading of 12.35. Its stock declined by -17.08% in a single month, as of recent close, to be at $39.77; that stock, therefore, shows a -17.54% return over the past three months. Over the past 52 weeks, the low was 60.49%, while the high was -28.77%.
Generac Holdings Inc. (NYSE:GNRC) measures with an RSI of 18.76. It offers a one-year total return that is at -39.08%; its return over six months is -40.73%. The stock, it is down -22.79% in just one month as of its last traded closing time. It is at -24.56% under the average 50-day price and, when compared with the SMA 20, it is at -17.63%.
Brookdale Senior Living, Inc. (NYSE:BKD) comes in with an RSI of 17.87. That number shows it to be in the area of oversold. The stock fell -15.76% in a single month as of its recent close; that puts it at $28.82. The return given over the last 3 months shows at -19.92%. Share price currently is higher than its 52-week low, when it was 0.77%, while it is lower than its high was during that same 52 weeks (-27.75%).