The Housing Bank for Trade & Finance (AMM:THBK) 5-Day RSI : 28.20 (As of Jun. 20, 2024)

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What is The Housing Bank for Trade & Finance 5-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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-06-20), The Housing Bank for Trade & Finance's 5-Day RSI is 28.20.

The industry rank for The Housing Bank for Trade & Finance's 5-Day RSI or its related term are showing as below:

AMM:THBK's 5-Day RSI is ranked better than
82.11% of 1571 companies
in the Banks industry
Industry Median: 48.82 vs AMM:THBK: 28.20

Competitive Comparison of The Housing Bank for Trade & Finance's 5-Day RSI

For the Banks - Regional subindustry, The Housing Bank for Trade & Finance's 5-Day RSI, along with its competitors' market caps and 5-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.

The Housing Bank for Trade & Finance's 5-Day RSI Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Housing Bank for Trade & Finance's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where The Housing Bank for Trade & Finance's 5-Day RSI falls into.

The Housing Bank for Trade & Finance (AMM:THBK) 5-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.

The Housing Bank for Trade & Finance (AMM:THBK) 5-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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

The Housing Bank for Trade & Finance 5-Day RSI Related Terms

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The Housing Bank for Trade & Finance (AMM:THBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Housing Bank for Trade & Finance (AMM:THBK) » Definitions » 5-Day RSI

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Shumaysani-Prince Shaker Bin Zaid Street, P.O. Box 7693, Building No. 37, Amman, JOR, 11118

Website

https://www.hbtf.com

The Housing Bank for Trade & Finance is a commercial banking setup based predominantly in Jordan. The company's operating segment include Retail Banking; Corporate; Corporate Finance; Treasury and Others. Retail Banking segment includes following up on deposits of individual customers and small businesses and granting them loans, debts, credit cards, and other services. Its Corporate segment includes following up on deposits, credit facilities and other banking services for institutional and corporate clients. Corporate Finance segment relates to arranging structured finance and providing services relating to privatizations, IPO's, mergers, and acquisitions. Treasury segment includes providing trading and treasury services and management of the Bank's funds in money and capital markets.

The Housing Bank for Trade & Finance (AMM:THBK) Headlines

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