Al-Massaleh Real Estate Co (KUW:MASSALEH) 14-Day RSI : 59.68 (As of Jun. 20, 2024)

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What is Al-Massaleh Real Estate Co 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 (2024-06-20), Al-Massaleh Real Estate Co's 14-Day RSI is 59.68.

The industry rank for Al-Massaleh Real Estate Co's 14-Day RSI or its related term are showing as below:

KUW:MASSALEH's 14-Day RSI is not ranked
in the Real Estate industry.
Industry Median: 46.205 vs KUW:MASSALEH: 59.68

Competitive Comparison of Al-Massaleh Real Estate Co's 14-Day RSI

For the Real Estate - Diversified subindustry, Al-Massaleh Real Estate Co'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.

Al-Massaleh Real Estate Co's 14-Day RSI Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Al-Massaleh Real Estate Co's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Al-Massaleh Real Estate Co's 14-Day RSI falls into.

Al-Massaleh Real Estate Co (KUW:MASSALEH) 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.

Al-Massaleh Real Estate Co (KUW:MASSALEH) 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.

Al-Massaleh Real Estate Co 14-Day RSI Related Terms

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Al-Massaleh Real Estate Co (KUW:MASSALEH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al-Massaleh Real Estate Co (KUW:MASSALEH) » Definitions » 14-Day RSI

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ahmed Al-Jaber Street, Universal Tower, P.O. Box 719, Safat, Sharq, Kuwait, KWT, 13008

Website

https://www.almassaleh.com

Al-Massaleh Real Estate Co is engaged in real estate projects in the public and private sectors. The business of the group is divided into two segments. The real estate operations, which is the only revenue driver, consist of trading, developing, leasing, and managing real estate and rental of investment properties, as well as investment operations in the purchase and sale of shares through portfolios managed by specialized companies and entities.

Al-Massaleh Real Estate Co (KUW:MASSALEH) Headlines

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