While performing technical analysis of ITI, RSI becomes one of the most important indicators to study stock momentum. Other indicators like, SMA and EMA are useful tools that traders can use to analyze overbought or oversold zones.
ITI Limited is a Technology sector stock and is listed on both NSE and BSE under symbol NSE:ITI. The company opened at 385.5 today, and closed the day at 457.1 marking a bullish candle.
The current RSI of ITI is at 76.46 implies that the stock is in overbought zone. 9 period SMA, a short term moving average which is used as a trend following indicator is below share price of ITI Limited.
Also read - ITI long term target analysis | ITI analysis for tomorrow
ITI’s Current and Past Week RSI Values
ITI is trading at rs 457.1 per share with RSI value of 76.46. The RSI value has risen by 12.46 points since yesterday. This range shows that the stock is currently under bullish pressure.
In the past week, the average RSI was 67.24 which is higher than 50. This signals bullishness in the company’s share price. The stock has managed to stay above the level 50 for the past 5 day(s) showing consistently strengthening momentum.
RSI Chart and Updates of ITI Shares
Latest RSI Updates:
- 2024-11-11: RSI has entered the overbought area above 70.
- 2024-11-20: Relative strength near overbought zone at 60.
- 2024-11-28: Relative strength near overbought zone at 60.
- 2024-12-10: RSI has entered the overbought area above 70.
- 2024-12-19: RSI is approaching overbought level of 60.
Short Term Analysis of ITI’s RSI
Previous week, ITI's RSI showed notable fluctuations, starting at 64.8861 and closing at 76.4642. There was a change of 11.58 points last week. In this week starting on 2024-12-30, ITI Limited's RSI value changed by 25.72. Through this week, the Strength Index made a high of 76.4642 and dipped to 64.0045.
This shift indicates a rise in momentum when compared to last week's closing RSI of 76.4642. The average RSI for the current week stands at 67.24, which increased from the previous week's average of 54.2.
Throughout the week, the RSI reached a high of 76.4642 and a low of 64.0045, illustrating the range of volatility in investor sentiment. This volatility is further underscored by the daily trends, where the RSI recorded 5 day(s) of rises and 0 day(s) of declines. Such movements provide insights into the short-term trading momentum and the overall trading behavior of ITI.
ITI’s Long Term Relative Strength Index Evaluation
In long term review of ITI Limited, the monthly RSI data shows rising momentum with an average value of 68.27. If we compare previous month value to that of its previous three months, the stock has outperformed.
This data makes it clear that there is a shift in momentum in the stock from bearish to bullish in the longer term.
ITI’s RSI and Price Correlation
While analysing momentum, it's important that we study ITI Limited's price and RSI together. In the last 7 days, when the RSI of ITI was gaining momentum its price was rising.
| Date | RSI | Price | Implication |
|---|---|---|---|
| 2024-12-26 | 52.98 | 333.95 | Neutral |
| 2024-12-27 | 50.75 | 328.2 | Bearish |
| 2024-12-30 | 64.89 | 379.2 | Neutral |
| 2024-12-31 | 66.5 | 387.15 | Bullish |
| 2025-01-01 | 64.34 | 381.75 | Bearish |
| 2025-01-02 | 64 | 380.95 | Bearish |
| 2025-01-03 | 76.46 | 457.1 | Overbought |
1. In the past 7 days, RSI and price moved in the same direction on 4 day(s), indicating consistent momentum.
2. The RSI entered overbought territory on 1 day(s), indicating possible price pullbacks.
3. No significant divergences were detected, suggesting stable momentum without clear signals for trend reversal.
Is ITI Overbought or Oversold?
RSI can be used to determine overbought and oversold zones. ITI's Relative Strength value of 76.46 shows that the stock is in overbought zone.
9 Day SMA Analysis
9SMA is a useful trend-following indicator that is helpful in identification of short term trend. Currently ITI closed above its 9SMA value of 370.35.
Shares of ITI Limited have consistently stayed above the 9SMA since last 5 day(s). It is therefore bullish in short term.
ITI’s 14, 21 Exponential Moving Average and 100 Day Simple Moving Average
14-day EMA is an indicator that is sensitive to short-term price movements. Currently 14EMA is at 371.69. Another short term trend indicator is 21-day EMA, which is at Rs 358.47. Latest data show that the 14-day EMA is above the 21-day EMA. Therefore ITI's momentum is increasing in short-term.
Long term trend indicator like 100-day SMA, closed at 290.25. When comparing ITI's current price of Rs 457.1 to this average, being above it indicates upward trend in the market over a more longer period.
Short term momentum is bullish and the longer period trend is bullish. This means there is no disparity in price in both time frames.
Summary of ITI’s Momentum
ITI's current RSI of 76.46 indicates that the stock is overbought momentum. The 9-day SMA shows a bullish short-term trend, while the 14-day and 21-day EMAs suggest a strengthening momentum. Furthermore, the 100-day SMA reflects a upward long-term trend.
