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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 (2024-06-19), Fortune Rise Acquisition's 14-Day RSI is 45.22.
The industry rank for Fortune Rise Acquisition's 14-Day RSI or its related term are showing as below:
For the Shell Companies subindustry, Fortune Rise Acquisition'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.
For the Diversified Financial Services industry and Financial Services sector, Fortune Rise Acquisition's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where Fortune Rise Acquisition's 14-Day RSI falls into.
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.
Fortune Rise Acquisition (NAS:FRLA) 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.
Thank you for viewing the detailed overview of Fortune Rise Acquisition's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.
Ronald Jay Pollack | director | 1862 MCCAULEY RD, CLEARWATER FL 33765 |
Ryan Spick | director | 18034 N 134TH AVE, SUN CITY WEST AZ 85375 |
Philip Goodman | director | 6 OAKWOOD DRIVE, SEWALL'S POINT FL 34996 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
J Richard Iler | officer: PEO and CFO | 815 WALKER STREET, STE. 1155, HOUSTON TX 77002 |
Payam Eshraghian | director | 20601 TROON LANE, HUNTINGTON BEACH CA 92646 |
Michael Davidov | director | 60 EAST 42 STREET, NEW YORK NY 10165 |
David Xianglin Li | director | 3 STONER AVE, GREAT NECK NY 11021 |
Lei Huang | director, officer: Chief Executive Officer | 3 STONER AVE, GREAT NECK NY 10021 |
Norman C Kristoff | director | C/O JAMES M. RAE, ESQ., 330 MADISON AVEUNE, 29TH FLOOR, NEW YORK NY 10017 |
Yuanmei Ma | officer: Chief Financial Officer | ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080 |
Lei Xu | director, officer: President and Chairwoman | 1818 LINDA VISTA CIR., FULLERTON CA 92831 |
Fortune Rise Sponsor Llc | 10 percent owner | 48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840 |
Koon Keung Chan | 10 percent owner | 48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840 |
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