What is GABELLI CONVERTIBLE &OME SECURITIES FUND 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.
GCV's 14-Day RSI is ranked better than 54.6% of 1784
companies
in the Asset Management industry
Industry Median: 52.535
vs GCV: 51.29
Competitive Comparison of GABELLI CONVERTIBLE &OME SECURITIES FUND's 14-Day RSI
For the Asset Management subindustry, GABELLI CONVERTIBLE &OME SECURITIES FUND'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.
GABELLI CONVERTIBLE &OME SECURITIES FUND's 14-Day RSI Distribution in the Asset Management Industry
* The bar in red indicates where GABELLI CONVERTIBLE &OME SECURITIES FUND's 14-Day RSI falls into.
GABELLI CONVERTIBLE &OME SECURITIES FUND (NYSE:GCV) 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.
GABELLI CONVERTIBLE &OME SECURITIES FUND (NYSE:GCV) 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.
GABELLI CONVERTIBLE &OME SECURITIES FUND 14-Day RSI Related Terms
Thank you for viewing the detailed overview of GABELLI CONVERTIBLE &OME SECURITIES FUND's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.
GABELLI CONVERTIBLE &OME SECURITIES FUND (GABELLI CONVERTIBLE &OME SECURITIES FUND) Business Description
GABELLI CONVERTIBLE & INCOME SECURITIES FUND INC is a diversified closed-end management investment company. Its investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The company invests in various portfolios such as Health Care, Financial Services, Energy and Utilities, Telecommunications, Food and Beverage, Aerospace and Automotive and others. All the operation of the group is operated through the regions of United States.
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