This list shows Relative Strength according to Levy exactly as Robert Levy defined it in 1967 โ so the value stays comparable with other RSL lists. Next to it, framed in purple, are four metrics that reflect the current state of financial market research: the RSL without the most recent week, momentum from 12 to 2 months, closeness to the 52-week high and volatility over the last six months. They are taken unchanged from the literature; no parameter has been tweaked.
How it is calculated: RSL = the stock's latest closing price รท the average of its own closing prices. With the 26 weeks basis, that is 27 weekly closes โ the current week and the 26 before it, as in Levy. With 26 days, it is the last 26 daily closes including today's. A value above 1 means the stock is trading above its own average.
The theory section explains why: RSL: Method & Origins Evolving the RSL Strategy
Not investment advice and not an investment recommendation. The price data comes from third-party sources; no warranty is given for its accuracy, completeness or timeliness. Past performance is not a reliable indicator of future results; investing in securities carries the risk of total loss.
Price data: Yahoo Finance (yfinance) ยท Index constituents: Wikipedia (excerpt, edited), CC BY-SA 4.0