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

FITB — oversold signal, 12 May

short term
RSI(2)9.8
RSI(14)45.0
Close $ · flag day48.63
Off 20-day high−6.2%
Avg volume5.6M

What followed

DateClose $ 5-day avg.vs flag close
12 May48.6349.42+0.0%
13 May47.1748.69-3.0%
14 May47.7048.30-1.9%
15 May47.3547.90-2.6%
18 May47.9447.76-1.4%
19 May47.6047.55-2.1%
20 May48.8647.89+0.5%
21 May49.1648.18+1.1%
22 May49.4848.61+1.7%
26 May49.8248.98+2.4%
27 May49.8949.44+2.6%

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 12 May. The freshest lists go out in the daily alert at 21:30 CET.