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

MLM — oversold signal, 20 May

long term
RSI(2)38.7
RSI(14)28.9
Close $ · flag day541.98
Off 20-day high−13.8%
Avg volume0.5M

What followed

DateClose $ 5-day avg.vs flag close
20 May541.98552.86+0.0%
21 May537.97545.41-0.7%
22 May536.48540.97-1.0%
26 May560.93542.00+3.5%
27 May574.39550.35+6.0%
28 May575.14556.98+6.1%
29 May581.64565.72+7.3%
01 Jun570.96572.61+5.3%
02 Jun576.93575.81+6.4%
03 Jun583.15577.56+7.6%
04 Jun580.86578.71+7.2%

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