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

MLM — oversold signal, 21 May

long term
RSI(2)29.1
RSI(14)27.9
Close $ · flag day537.97
Off 20-day high−14.4%
Avg volume0.5M

What followed

DateClose $ 5-day avg.vs flag close
21 May537.97545.41+0.0%
22 May536.48540.97-0.3%
26 May560.93542.00+4.3%
27 May574.39550.35+6.8%
28 May575.14556.98+6.9%
29 May581.64565.72+8.1%
01 Jun570.96572.61+6.1%
02 Jun576.93575.81+7.2%
03 Jun583.15577.56+8.4%
04 Jun580.86578.71+8.0%
05 Jun575.83577.55+7.0%

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