RSI indicator

RSI indicator operation practice $Advanced Micro Devices (AMD.US)$ (I also used MACD and BB): You can see that RSI, MACD, and BB all gave almost the same answer at the same time.
1. When RSI is high above 70, it indicates that the stock is overbought, with a high likelihood of price decline.
In the chart below, when the RSI indicator is around 70 and the MACD enters a death cross, the stock price is at the upper limit of the Bollinger Bands (BB), indicating a high probability of stock decline. The red circle actually shows the stock price falling.
2. When RSI falls below 30, it indicates that the remaining sellers in the market may have decreased, signaling a possible end to this movement. Prices subsequently reverse and rise.
Observing the green circle in the chart below, when RSI is low at 30, there is a high likelihood of stock price rising, while the MACD enters a golden cross and the stock price is at the bottom of the BB. You can see that at this time the stock price is rising. However, it is worth noting that the MACD is still below the 0 axis, so the stock price may rise now, but it is not yet the time to buy.

Some technical indicators may show relatively slow trends, and we can analyze multiple technical indicators simultaneously.

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