Closing Note
updated 2026-07-24 14:52 UTC

ETN — oversold signal, 18 May

short term
RSI(2)6.4
RSI(14)41.2
Close $ · flag day381.87
Off 20-day high−12.3%
Avg volume3.0M

What followed

DateClose $ 5-day avg.vs flag close
18 May381.87399.58+0.0%
19 May371.88393.65-2.6%
20 May379.69388.20-0.6%
21 May381.51382.88-0.1%
22 May391.35381.26+2.5%
26 May403.13385.51+5.6%
27 May406.37392.41+6.4%
28 May401.94396.86+5.3%
29 May400.60400.68+4.9%
01 Jun400.08402.42+4.8%
02 Jun417.62405.32+9.4%

The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.

Research chart

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From the oversold list of 18 May. The freshest lists go out in the daily alert at 21:30 CET.