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Raketech Group Holding (OSTO:RAKE) 14-Day RSI : 29.25 (As of Dec. 15, 2024)


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What is Raketech Group Holding 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 (2024-12-15), Raketech Group Holding's 14-Day RSI is 29.25.

The industry rank for Raketech Group Holding's 14-Day RSI or its related term are showing as below:

OSTO:RAKE's 14-Day RSI is ranked better than
95.12% of 1086 companies
in the Media - Diversified industry
Industry Median: 50.485 vs OSTO:RAKE: 29.25

Competitive Comparison of Raketech Group Holding's 14-Day RSI

For the Advertising Agencies subindustry, Raketech Group Holding'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.


Raketech Group Holding's 14-Day RSI Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Raketech Group Holding's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Raketech Group Holding's 14-Day RSI falls into.



Raketech Group Holding  (OSTO:RAKE) 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.


Raketech Group Holding  (OSTO:RAKE) 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.


Raketech Group Holding 14-Day RSI Related Terms

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Raketech Group Holding Business Description

Traded in Other Exchanges
N/A
Address
Fawwara building, Soho office, The Strand, Triq l-Imsida, Gzira, MLT, GZR 1401
Raketech Group Holding PLC operates as an online affiliate and performance marketing company. Its primary business involves offering products that guide users in the iGaming market who are interested in sports and gambling, to gambling services. Its portfolio includes Casinos, Sports, and Crypto. It also offers its services as a software (sub-affiliation) and provides data-driven betting advice to consumers and its primary goal is to generate high-quality leads and targeted advertisement space by providing relevant and engaging content to users interested in sports, casinos, and betting. Its Services include Affiliation-as-a service, Affiliation marketing, and Betting tips & subscription.

Raketech Group Holding Headlines

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