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 277 today, and closed the day at 282.65 marking a bullish candle.
The current RSI of ITI is at 42.04 implies that the stock is not in overbought/oversold 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 282.65 per share with RSI value of 42.04. The RSI value has risen by 5.29 points since yesterday. This range shows that the stock is currently under bearish pressure.
In the past week, the average RSI was 32.61 which is lower than 50. This signals bearishness in the company’s share price. The stock has managed to stay below the level 50 for the past 5 day(s) showing consistently weakening momentum.
RSI Chart and Updates of ITI Shares
Latest RSI Updates:
- 2025-01-06: RSI has entered the overbought area above 70.
- 2025-01-08: Relative strength near overbought zone at 60.
- 2025-01-14: Relative strength increases with RSI moving past 50.
- 2025-02-18: Relative strength is oversold with RSI below 30.
- 2025-02-20: RSI is nearing oversold level of 40.
Short Term Analysis of ITI’s RSI
Previous week, ITI's RSI showed notable fluctuations, starting at 27.6818 and closing at 42.0412. There was a change of 14.36 points last week. In this week starting on 2025-02-17, ITI Limited's RSI value changed by 11.7. Through this week, the Strength Index made a high of 42.0412 and dipped to 25.4014.
This shift indicates a rise in momentum when compared to last week's closing RSI of 42.0412. The average RSI for the current week stands at 32.61, which decreased from the previous week's average of 32.7.
Throughout the week, the RSI reached a high of 42.0412 and a low of 25.4014, illustrating the range of volatility in investor sentiment. This volatility is further underscored by the daily trends, where the RSI recorded 0 day(s) of rises and 5 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 falling momentum with an average value of 34.31. If we compare previous month value to that of its previous three months, the stock has underperformed.
This data makes it clear that there is a shift in momentum in the stock from bullish to bearish 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 |
|---|---|---|---|
| 2025-02-13 | 33.38 | 284.35 | Neutral |
| 2025-02-14 | 30.34 | 270.55 | Bearish |
| 2025-02-17 | 27.68 | 257.05 | Oversold |
| 2025-02-18 | 25.4 | 244.2 | Oversold |
| 2025-02-19 | 31.2 | 256.4 | Bullish |
| 2025-02-20 | 36.75 | 269.2 | Bullish |
| 2025-02-21 | 42.04 | 282.65 | Bullish |
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 oversold territory on 2 day(s), suggesting potential price rebounds.
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 42.04 shows that the stock is not in overbought or oversold 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 270.52.
Shares of ITI Limited have consistently stayed above the 9SMA since last 1 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 284.28. Another short term trend indicator is 21-day EMA, which is at Rs 297.53. Latest data show that the 14-day EMA is below the 21-day EMA. Therefore ITI's momentum is decreasing in short-term.
Long term trend indicator like 100-day SMA, closed at 310.71. When comparing ITI's current price of Rs 282.65 to this average, being below it indicates downward trend in the market over a more longer period.
Short term momentum is bearish and the longer period trend is bearish. This means there is no disparity in price in both time frames.
Summary of ITI’s Momentum
ITI's current RSI of 42.04 indicates that the stock is bearish momentum. The 9-day SMA shows a bullish short-term trend, while the 14-day and 21-day EMAs suggest a weakening momentum. Furthermore, the 100-day SMA reflects a downward long-term trend.
