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

SNPS — oversold signal, 18 May

short term
RSI(2)4.5
RSI(14)59.1
Close $ · flag day498.43
Off 20-day high−4.1%
Avg volume1.6M

What followed

DateClose $ 5-day avg.vs flag close
18 May498.43506.67+0.0%
19 May493.87502.80-0.9%
20 May498.93500.73+0.1%
21 May503.98499.53+1.1%
22 May524.74503.99+5.3%
26 May534.56511.22+7.2%
27 May525.92517.63+5.5%
28 May480.64513.97-3.6%
29 May475.62508.30-4.6%
01 Jun492.29501.81-1.2%
02 Jun508.35496.56+2.0%

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