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ProVen Growth &ome VCT (LSE:PGOO) 14-Day RSI : 32.70 (As of Dec. 11, 2024)


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What is ProVen Growth &ome VCT 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 (2024-12-11), ProVen Growth &ome VCT's 14-Day RSI is 32.70.

The industry rank for ProVen Growth &ome VCT's 14-Day RSI or its related term are showing as below:

LSE:PGOO's 14-Day RSI is ranked better than
91.61% of 1775 companies
in the Asset Management industry
Industry Median: 52.24 vs LSE:PGOO: 32.70

Competitive Comparison of ProVen Growth &ome VCT's 14-Day RSI

For the Asset Management subindustry, ProVen Growth &ome VCT'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.


ProVen Growth &ome VCT's 14-Day RSI Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, ProVen Growth &ome VCT's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where ProVen Growth &ome VCT's 14-Day RSI falls into.



ProVen Growth &ome VCT  (LSE:PGOO) 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.


ProVen Growth &ome VCT  (LSE:PGOO) 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.


ProVen Growth &ome VCT 14-Day RSI Related Terms

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ProVen Growth &ome VCT Business Description

Traded in Other Exchanges
N/A
Address
55 Drury Lane, Charter House, London, GBR, WC2B 5SQ
ProVen Growth & Income VCT PLC operates as a venture capital trust (VCT). The company's investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments, within the conditions imposed on all VCTs and to minimise the risk of each investment and the portfolio as a whole. Its portfolio of investments includes some sectors such as Technology, Healthcare, and Business Services.

ProVen Growth &ome VCT Headlines

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