Apr 5, 04:58 PM

S&P 500 Hits Lowest RSI Since Covid Crash, Weekly Reading at 20.6 and Daily at 19.4

The S&P 500 index is experiencing a notable decline in its Relative Strength Index (RSI), with the lowest readings recorded since the Covid-19 market crash. As of April 5, 2025, the weekly RSI stands at 20.6, marking it as the third lowest in the past two decades. The daily RSI is even lower at 19.4, while the monthly RSI is at its lowest since the September/October bear market in 2022. Analysts highlight that these indicators suggest the index has reached oversold conditions, reminiscent of previous market lows, including those seen during the Covid crash in 2020. The current weekly RSI is also the lowest since the market's bottom in March 2020.

#Relative Strength Index #Covid

Written with ChatGPT (GPT-4o mini).

Sources

TrendSpider@TrendSpider
2 years ago
The S&P 500 hasn’t printed a weekly RSI this low since the Covid bottom. $SPY $SPX https://t.co/PAHRef8xL1
Jonah Lupton@JonahLupton
2 years ago
After the last two days, RSI (relative strength index) on $SPX (S&P 500) is at 20.6 on the weekly chart and 19.4 on the daily chart. 20.6 on the weekly chart is the 3rd lowest reading in the past ~20 years. The only lower RSI's over the past 20 years are the Covid lows (March https://t.co/ysBR9qbUdK
Heisenberg@Mr_Derivatives
2 years ago
$SPX Lowest Daily RSI since Covid 2020 lows. Lowest Weekly RSI since Covid 2020 lows. Lowest Monthly RSI since the Sept/Oct bear market 2022 lows. FWIW.

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S&P 500 Hits Lowest RSI Since Covid Crash, Weekly Reading at 20.6 and Daily at 19.4

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