GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ocean Vantage Holdings Bhd (XKLS:0220) » Definitions » 14-Day RSI

Ocean Vantage Holdings Bhd (XKLS:0220) 14-Day RSI : 38.35 (As of May. 25, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Ocean Vantage Holdings Bhd 14-Day RSI?

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30.

As of today (2024-05-25), Ocean Vantage Holdings Bhd's 14-Day RSI is 38.35.

The industry rank for Ocean Vantage Holdings Bhd's 14-Day RSI or its related term are showing as below:

XKLS:0220's 14-Day RSI is ranked better than
79.73% of 1125 companies
in the Oil & Gas industry
Industry Median: 47.91 vs XKLS:0220: 38.35

Competitive Comparison of Ocean Vantage Holdings Bhd's 14-Day RSI

For the Oil & Gas Equipment & Services subindustry, Ocean Vantage Holdings Bhd's 14-Day RSI, along with its competitors' market caps and 14-Day RSI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ocean Vantage Holdings Bhd's 14-Day RSI Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ocean Vantage Holdings Bhd's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Ocean Vantage Holdings Bhd's 14-Day RSI falls into.



Ocean Vantage Holdings Bhd  (XKLS:0220) 14-Day RSI Calculation

The formula for calculating RSI is:

RSI=100[ 100 / ( 1 + Average Gain / Average Loss )]

* Note that the formula uses a positive value for the average loss.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ocean Vantage Holdings Bhd  (XKLS:0220) 14-Day RSI Explanation

The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.

Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.

RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections.


Ocean Vantage Holdings Bhd 14-Day RSI Related Terms

Thank you for viewing the detailed overview of Ocean Vantage Holdings Bhd's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Ocean Vantage Holdings Bhd (XKLS:0220) Business Description

Traded in Other Exchanges
N/A
Address
Kuala Baram Land District, 1st & 2nd Floor, Block 11, Lot 6073 and 6074, Jalan Tudan, Bandar Baru Permyjaya, Miri, SWK, MYS, 98000
Ocean Vantage Holdings Bhd is engaged in the provision of support services for the oil and gas industry where it supports both the upstream and downstream oil and gas activities. The company's operations as a provider of engineering, fabrication, and NDT inspection and testing services. Its services include Rig/Platform Modifications; Rig Stacking & Reactivation; Rig Repair & Maintenance; Accommodation Refurbishment; Fabrication & Construction of Structures; Blasting & Painting Services; Equipment Rental, Repair & Maintenance; Marine Security Services; Conventional NDT & Inspection; Rope Access; Scaffolding Services; Tank Cleaning; and Crane, Structural, Piping Replacement; among others.

Ocean Vantage Holdings Bhd (XKLS:0220) Headlines

No Headlines