GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » AHLI Bank SAOG (MUS:ABOB) » Definitions » 5-Day RSI

AHLI BankOG (MUS:ABOB) 5-Day RSI : 88.01 (As of May. 06, 2024)


View and export this data going back to 1999. Start your Free Trial

What is AHLI BankOG 5-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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-05-06), AHLI BankOG's 5-Day RSI is 88.01.

The industry rank for AHLI BankOG's 5-Day RSI or its related term are showing as below:

MUS:ABOB's 5-Day RSI is ranked worse than
93.64% of 1572 companies
in the Banks industry
Industry Median: 57.6 vs MUS:ABOB: 88.01

Competitive Comparison of AHLI BankOG's 5-Day RSI

For the Banks - Regional subindustry, AHLI BankOG's 5-Day RSI, along with its competitors' market caps and 5-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.


AHLI BankOG's 5-Day RSI Distribution in the Banks Industry

For the Banks industry and Financial Services sector, AHLI BankOG's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where AHLI BankOG's 5-Day RSI falls into.



AHLI BankOG  (MUS:ABOB) 5-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.


AHLI BankOG  (MUS:ABOB) 5-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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


AHLI BankOG 5-Day RSI Related Terms

Thank you for viewing the detailed overview of AHLI BankOG's 5-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


AHLI BankOG (MUS:ABOB) Business Description

Traded in Other Exchanges
N/A
Address
Mina Al Fahal, PO Box 545, Muscat, OMN, 116
AHLI Bank SAOG provides commercial banking services and products in the Sultanate of Oman. Its products and services include Sharia compliant customer deposits, providing Sharia compliant financing based on Murabaha, investment activities and providing commercial banking. The bank is organized into two operating segments, Retail banking which includes customers' deposits, unrestricted investment account, consumer loans, overdrafts, credit card, Islamic financing and fund transfer facilities, and Wholesale banking, treasury and investment banking segment which include deposits including current accounts, term deposit, loans and advances and Islamic financing for corporate and institutional customers, Treasury, Trade Finance, and Investment Banking Services.

AHLI BankOG (MUS:ABOB) Headlines

No Headlines