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Nidan Laboratories and Healthcare (NSE:NIDAN) 14-Day RSI : 45.72 (As of Jun. 20, 2024)


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What is Nidan Laboratories and Healthcare 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), Nidan Laboratories and Healthcare's 14-Day RSI is 45.72.

The industry rank for Nidan Laboratories and Healthcare's 14-Day RSI or its related term are showing as below:

NSE:NIDAN's 14-Day RSI is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 44.47 vs NSE:NIDAN: 45.72

Competitive Comparison of Nidan Laboratories and Healthcare's 14-Day RSI

For the Diagnostics & Research subindustry, Nidan Laboratories and Healthcare'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.


Nidan Laboratories and Healthcare's 14-Day RSI Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Nidan Laboratories and Healthcare's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Nidan Laboratories and Healthcare's 14-Day RSI falls into.



Nidan Laboratories and Healthcare  (NSE:NIDAN) 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.


Nidan Laboratories and Healthcare  (NSE:NIDAN) 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.


Nidan Laboratories and Healthcare 14-Day RSI Related Terms

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Nidan Laboratories and Healthcare (NSE:NIDAN) Business Description

Traded in Other Exchanges
N/A
Address
Vartak Road, Swapnshilpa, Behind Aarti Apartment, Virar West, Palagar, MH, IND, 401303
Nidan Laboratories and Healthcare Ltd offer diagnostic services including radiology, neurology, cardiology, dental as well as pathology services. The company provides pathology tests ranging from basic biochemistry and clinical pathology to cytogenetic and high-end molecular diagnostic tests, and radiology tests ranging from basic echocardiograms, X-Rays, and ultrasounds to advanced radiology tests including computerized tomography scans, magnetic resonance imaging scans.

Nidan Laboratories and Healthcare (NSE:NIDAN) Headlines

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