Vietnam Enterprise Investments RSI
What is the RSI of Vietnam Enterprise Investments?
The RSI of Vietnam Enterprise Investments Ltd. is 35.33
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 Finance sector on LSE compared to Vietnam Enterprise Investments
What does Vietnam Enterprise Investments do?
Vietnam Enterprise Investments Limited is a closed ended equity mutual fund launched and managed by Dragon Capital Management Limited. It invests in the public equity markets of Vietnam. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies. The fund also invests a part of its assets in private companies and equity linked instruments. It focuses on such factors as good corporate governance and alignment to Vietnam's underlying growth drivers to create its portfolio. The fund benchmarks the performance of its portfolio against the VN index, the MSCI EM Index, and the VN30 Index. Vietnam Enterprise Investments Limited was formed on August 31, 1995 and is domiciled in the Cayman Islands.
Companies with rsi similar to Vietnam Enterprise Investments
- Zuari Agro Chemicals has RSI of 35.31
- RBL Bank has RSI of 35.32
- The Social Chain AG has RSI of 35.32
- New Oriental Education & Technology has RSI of 35.32
- China Kingstone Mining has RSI of 35.32
- Stroud Resources has RSI of 35.32
- Vietnam Enterprise Investments has RSI of 35.33
- LION E-Mobility AG has RSI of 35.34
- Trilogy Metals Inc has RSI of 35.34
- Sunac China has RSI of 35.34
- Giantec Semiconductor has RSI of 35.34
- Zimmer Biomet Inc has RSI of 35.34
- Cupid has RSI of 35.34