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

MLM — oversold signal, 18 May

long term
0.3RSI(2)
28.4RSI(14)
555.78close $ on flag day
−12.2%off 20-day high
0.5Mavg daily volume

What followed

DateClose $ 5-day avg.vs flag close
18 May555.78569.52+0.0%
19 May532.65559.82-4.2%
20 May541.98552.86-2.5%
21 May537.97545.41-3.2%
22 May536.48540.97-3.5%
26 May560.93542.00+0.9%
27 May574.39550.35+3.3%
28 May575.14556.98+3.5%
29 May581.64565.72+4.7%
01 Jun570.96572.61+2.7%
02 Jun576.93575.81+3.8%

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.