Overbought GCC ETFs

Funds whose 14-day RSI has risen to 70 or above. A stretched reading says the advance has been fast and uninterrupted; it says nothing about whether the move was deserved. Narrowed to funds listed in the Gulf and Egypt — the ADX and DFM, Tadawul, Boursa Kuwait, the QSE, the MSX and the EGX. Calculated from closing prices after each market close, and only for listings with at least 120 observed sessions. These readings describe past price behaviour; they are not advice or a recommendation to buy or sell.