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Grand Banks Yachts (SGX:G50) 14-Day RSI : 68.62 (As of Dec. 13, 2024)


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What is Grand Banks Yachts 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 (2024-12-13), Grand Banks Yachts's 14-Day RSI is 68.62.

The industry rank for Grand Banks Yachts's 14-Day RSI or its related term are showing as below:

SGX:G50's 14-Day RSI is ranked worse than
86.71% of 903 companies
in the Travel & Leisure industry
Industry Median: 52.2 vs SGX:G50: 68.62

Competitive Comparison of Grand Banks Yachts's 14-Day RSI

For the Leisure subindustry, Grand Banks Yachts'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.


Grand Banks Yachts's 14-Day RSI Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Grand Banks Yachts's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Grand Banks Yachts's 14-Day RSI falls into.



Grand Banks Yachts  (SGX:G50) 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.


Grand Banks Yachts  (SGX:G50) 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.


Grand Banks Yachts 14-Day RSI Related Terms

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Grand Banks Yachts Business Description

Traded in Other Exchanges
N/A
Address
21 Bukit Batok Crescent, No. 06-74, Wcega Tower, Singapore, SGP, 658065
Grand Banks Yachts Ltd along with its subsidiaries is an investment holding company that is involved in manufacturing, selling, and exporting luxury yachts overseas. The company has two segments: Manufacturing and Trading of Yachts and Others. Geographically the company exports its products to America, Europe, Australia, and Asia; out of which America generates maximum revenue for the company. It also provides hardware and other accessories for making yachts. Grand Banks 54, Grand Banks 60, Grand Banks 85, Eastbay 44, and Eastbay 60 are the company's product lines. The majority of the firm's revenue comes from the Manufacturing and Trading of Yachts segment.

Grand Banks Yachts Headlines

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