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Haci Omerbanci Holding AS (IST:SAHOL) 5-Day RSI : 73.08 (As of Apr. 28, 2024)


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What is Haci Omerbanci Holding AS 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 (2024-04-28), Haci Omerbanci Holding AS's 5-Day RSI is 73.08.

The industry rank for Haci Omerbanci Holding AS's 5-Day RSI or its related term are showing as below:

IST:SAHOL's 5-Day RSI is ranked worse than
83.44% of 1570 companies
in the Banks industry
Industry Median: 51.865 vs IST:SAHOL: 73.08

Competitive Comparison of Haci Omerbanci Holding AS's 5-Day RSI

For the Banks - Regional subindustry, Haci Omerbanci Holding AS'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.


Haci Omerbanci Holding AS's 5-Day RSI Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Haci Omerbanci Holding AS's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Haci Omerbanci Holding AS's 5-Day RSI falls into.



Haci Omerbanci Holding AS  (IST:SAHOL) 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.


Haci Omerbanci Holding AS  (IST:SAHOL) 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.


Haci Omerbanci Holding AS 5-Day RSI Related Terms

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Haci Omerbanci Holding AS (IST:SAHOL) Business Description

Traded in Other Exchanges
N/A
Address
Sabanci Center, 4. Levent, Istanbul, TUR, 34330
Haci Omer Sabanci Holding AS is the parent company of the Sabanci Group, a diversified conglomerate operating almost entirely in Turkey, but with notable exposure to other countries in the European Union. The Sabanci Group companies operate in the financial services, energy, consumer discretionary, materials, and industrials sectors. Of these, financial services constitute the majority of revenue and the overwhelming majority of its assets on the balance sheet. Banking is the biggest contributor to its financial segment, specifically through the group's large financial stake in Akbank. Sabanci's portfolio management strategy is to focus on sectors where it is possible to create competitive advantage and to use equities in fast-growing, highly profitable, and sustainable businesses.

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