Closing Note
updated 2026-07-24 09:49 UTC

MLM — oversold signal, 15 May

long term
0.4RSI(2)
29.2RSI(14)
558.66close $ on flag day
−11.7%off 20-day high
0.5Mavg daily volume

What followed

DateClose $ 5-day avg.vs flag close
15 May558.66575.56+0.0%
18 May555.78569.52-0.5%
19 May532.65559.82-4.7%
20 May541.98552.86-3.0%
21 May537.97545.41-3.7%
22 May536.48540.97-4.0%
26 May560.93542.00+0.4%
27 May574.39550.35+2.8%
28 May575.14556.98+2.9%
29 May581.64565.72+4.1%
01 Jun570.96572.61+2.2%

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