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Skyworld Development Bhd (XKLS:5315) 14-Day RSI : 54.56 (As of Dec. 14, 2024)


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What is Skyworld Development Bhd 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 (2024-12-14), Skyworld Development Bhd's 14-Day RSI is 54.56.

The industry rank for Skyworld Development Bhd's 14-Day RSI or its related term are showing as below:

XKLS:5315's 14-Day RSI is ranked worse than
68.86% of 1917 companies
in the Real Estate industry
Industry Median: 48.53 vs XKLS:5315: 54.56

Competitive Comparison of Skyworld Development Bhd's 14-Day RSI

For the Real Estate - Development subindustry, Skyworld Development Bhd'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.


Skyworld Development Bhd's 14-Day RSI Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Skyworld Development Bhd's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Skyworld Development Bhd's 14-Day RSI falls into.



Skyworld Development Bhd  (XKLS:5315) 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.


Skyworld Development Bhd  (XKLS:5315) 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.


Skyworld Development Bhd 14-Day RSI Related Terms

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Skyworld Development Bhd Business Description

Traded in Other Exchanges
N/A
Address
Jalan Ampang Putra, Ground Floor, Block B, Wisma NTP World, Excella Business Park, Ampang, Kuala Lumpur, SGR, MYS, 55100
Skyworld Development Bhd is an urban property developer focusing on the development of high-rise residential and commercial as well as affordable properties. The company's operating segment includes Property Development, Property Management, Management Services and Investment Holding, and Construction. The company generates the majority of its revenue from the Property development segment, which is engaged in comprising development of high-rise residential, commercial, and affordable home. The company carries out all of its operations in Malaysia.

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