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NKE’s daily RSI7 is just 4?

03 Apr

Posted by HanaDaddy as Uncategorized

RSI daily report generated for 04/03/2007 have 3 stocks listed for ALL(Monthly,Weekly,Daily) RSI7 under 30. And NIKE (NKE) is the one of them. And has RSI7 value of just 4. If this was the correct value, I would have loaded up with NIKE right away.

Daily,Weekly,Monthly all below 30
Total : 3

symbol	price	change	percent	rsi7m	rsi7w	rsi7d
NKE	53.20	-0.01	-0.0%	21.43	13.32	4.02
BBD	20.36	+0.36	+1.8%	26.89	17.13	8.85
HOV	24.53	+0.16	+0.7%	27.30	27.75	20.66

But sadly , the value was incorrect caused by the stock split. Both NKE and BBD’s stock have split today. I did not think of the stock splits when I implemented RSI formula originally.

I have checked other websites to see how their calculations are done.

For www.stockcharts.com, the RSI7 daily value is 47.96 which looks more like a correct value. They normalized the past prices dividing by 2 ( since the stock has been split from 1 to 2 ratio) and calculated the RSI value.

But www.easystock.com doesn’t account the split just like I didn’t. Their daily RSI7 value is just 4 , same as mine.

It feels like that the stockchart.com method is correct, but I don’t like that the normalized historical are showing in the chart.(All past prices are divided by 2)

I will need some time to think how to implement it.

0 Comments
nke, split

RSI daily report 2007-04-03 (All below 30:3)

03 Apr

Posted by HanaDaddy as Daily Stock Report

Sorry, the NKE and BBD RSI7 values are incorrect. They are split today with 1 to 2 ratio and the price is reduced by half. That’s why the RSI7 values are so low.

Daily,Weekly,Monthly all below 30
Total : 3

symbol	price	change	percent	rsi7m	rsi7w	rsi7d
NKE	53.20	-0.01	-0.0%	~~21.43~~	~~13.32~~	~~4.02~~
BBD	20.36	+0.36	+1.8%	~~26.89~~	~~17.13~~	~~8.85~~
HOV	24.53	+0.16	+0.7%	27.30	27.75	20.66

Daily,Weekly,Monthly all below 35
Total : 3

symbol	price	change	percent	rsi7m	rsi7w	rsi7d
NKE	53.20	-0.01	-0.0%	21.43	13.32	4.02
BBD	20.36	+0.36	+1.8%	26.89	17.13	8.85
HOV	24.53	+0.16	+0.7%	27.30	27.75	20.66

Daily,Weekly,Monthly all above 70
Total : 7

symbol	price	change	percent	rsi7m	rsi7w	rsi7d
KSS	78.00	+0.51	+0.7%	73.10	72.69	83.53
BHP	49.72	+1.09	+2.2%	73.05	77.03	78.22
EXC	71.32	+0.92	+1.3%	84.21	83.65	78.21
ATVI	19.13	+0.32	+1.7%	72.07	73.76	76.64
ABV	56.69	+1.40	+2.5%	72.09	73.96	75.13
MICC	80.53	+0.14	+0.2%	88.47	74.61	73.80
ERJ	47.03	+1.18	+2.6%	78.53	74.03	71.96

Number of RSI7 > 70
Total: 24
MICC, EXC, CCJ, MU, GOOG, DB, DEO, ABV, KSS, ATVI, SWK, ERJ, VCP, GFI, GGB, RIO, BHP, XOM, TOT, SU, PTR, ECA, CVX, CEO,

Number of RSI7 < 30
Total: 8
NTES, MXIM, LLTC, BBD, TM, NKE, HOV, PAYX,

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