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

MLM — oversold signal, 19 May

long term
RSI(2)0.1
RSI(14)22.7
Close $ · flag day532.65
Off 20-day high−15.3%
Avg volume0.5M

What followed

DateClose $ 5-day avg.vs flag close
19 May532.65559.82+0.0%
20 May541.98552.86+1.8%
21 May537.97545.41+1.0%
22 May536.48540.97+0.7%
26 May560.93542.00+5.3%
27 May574.39550.35+7.8%
28 May575.14556.98+8.0%
29 May581.64565.72+9.2%
01 Jun570.96572.61+7.2%
02 Jun576.93575.81+8.3%
03 Jun583.15577.56+9.5%

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