GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) » Definitions » 14-Day RSI

PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) 14-Day RSI : 45.74 (As of Dec. 14, 2024)


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What is PT Ultrajaya Milk Industry & Trading Co Tbk 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 (2024-12-14), PT Ultrajaya Milk Industry & Trading Co Tbk's 14-Day RSI is 45.74.

The industry rank for PT Ultrajaya Milk Industry & Trading Co Tbk's 14-Day RSI or its related term are showing as below:

ISX:ULTJ's 14-Day RSI is ranked better than
67.23% of 119 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 51.58 vs ISX:ULTJ: 45.74

Competitive Comparison of PT Ultrajaya Milk Industry & Trading Co Tbk's 14-Day RSI

For the Beverages - Non-Alcoholic subindustry, PT Ultrajaya Milk Industry & Trading Co Tbk'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.


PT Ultrajaya Milk Industry & Trading Co Tbk's 14-Day RSI Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PT Ultrajaya Milk Industry & Trading Co Tbk's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where PT Ultrajaya Milk Industry & Trading Co Tbk's 14-Day RSI falls into.



PT Ultrajaya Milk Industry & Trading Co Tbk  (ISX:ULTJ) 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.


PT Ultrajaya Milk Industry & Trading Co Tbk  (ISX:ULTJ) 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.


PT Ultrajaya Milk Industry & Trading Co Tbk 14-Day RSI Related Terms

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PT Ultrajaya Milk Industry & Trading Co Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Raya Cimareme 131, Padalarang, Kabupaten Bandung Barat, Bandung, IDN, 40552
PT Ultrajaya Milk Industry & Trading Co Tbk is in the business of producing dairy products, beverages, and healthy drink products with ultra-high temperature technology and aseptic packaging. Its products are Freshmilk, Tea drink, Health drinks, Sweetened condensed creamer, and others. The firm has Beverages and Food operating segments. It derives the majority of its revenues from the Beverages segment.

PT Ultrajaya Milk Industry & Trading Co Tbk Headlines

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