Fondul Proprietatea SA RSI
What is the RSI of Fondul Proprietatea SA?
The RSI of Fondul Proprietatea SA is 59.36
What is the definition of RSI?
The relative strength index (RSI 14) is a momentum indicator that compares the magnitude of gains and losses over a specified time period to measure speed and change of price movements of a security.
14-day period
It is used to identify overbought or oversold conditions in the trading of an asset. It oscillates between 0 and 100 and a stock is considered overbought when the RSI is above 70 and oversold when below 30. The relative strength index (RSI) is typically used on a 14-day timeframe and is calculated according to the formula 100 - [ 100 / (1 + RS)] where RS is the ratio of average gain to average loss. In the calculation of average gain and loss for a certain period, taking the prior value plus the current value is a smoothing technique similar to that used in calculating an exponential moving average. This also means that RSI values become more accurate as the calculation period extends.
Sudden large price movements can create false buy or sell signals in the RSI. The RSI is often used in conjunction with trend lines, as trend line support or resistance often coincides with support or resistance levels in the RSI reading. Watching for divergence between price and the RSI indicator is another means of refining its application. Divergence occurs when a security makes a new high or low in price but the RSI does not make a corresponding new high or low value. Bearish divergence, when price makes a new high but the RSI does not is taken as a sell signal. Bullish divergence that is interpreted as a buy signal occurs when price makes a new low, but the RSI value does not.
RSI of companies in the Miscellaneous sector on LSE compared to Fondul Proprietatea SA
What does Fondul Proprietatea SA do?
Fondul Proprietatea SA is a publicly owned investment manager. The firm invests in the public equity markets of Romania. The firm primarily invests in Power, Oil and Gas sectors. Fondul Proprietatea SA was founded in 2005 and is based in Bucharest, Romania.
Companies with rsi similar to Fondul Proprietatea SA
- Atlantic Capital Bancshares Inc has RSI of 59.34
- Mosaic ImmunoEngineering has RSI of 59.34
- Autodesk has RSI of 59.34
- Tyro Payments has RSI of 59.34
- Dierig AG has RSI of 59.35
- Gr. Sarantis S.A has RSI of 59.35
- Fondul Proprietatea SA has RSI of 59.36
- Cortland Bancorp has RSI of 59.37
- Iris Mediaworks has RSI of 59.37
- Bancorp 34 Inc has RSI of 59.37
- Greenfirst Forest Products Inc has RSI of 59.38
- Johnson Controls-Hitachi Air Conditioning India has RSI of 59.38
- Micro Focus International Plc has RSI of 59.38