GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Teixeira Duarte SA (FRA:TXC2) » Definitions » 5-Day RSI

Teixeira Duarte (FRA:TXC2) 5-Day RSI : 35.21 (As of Dec. 11, 2024)


View and export this data going back to . Start your Free Trial

What is Teixeira Duarte 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 (2024-12-11), Teixeira Duarte's 5-Day RSI is 35.21.

The industry rank for Teixeira Duarte's 5-Day RSI or its related term are showing as below:

FRA:TXC2's 5-Day RSI is ranked better than
75.99% of 1878 companies
in the Construction industry
Industry Median: 51.76 vs FRA:TXC2: 35.21

Competitive Comparison of Teixeira Duarte's 5-Day RSI

For the Engineering & Construction subindustry, Teixeira Duarte'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.


Teixeira Duarte's 5-Day RSI Distribution in the Construction Industry

For the Construction industry and Industrials sector, Teixeira Duarte's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Teixeira Duarte's 5-Day RSI falls into.



Teixeira Duarte  (FRA:TXC2) 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.


Teixeira Duarte  (FRA:TXC2) 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.


Teixeira Duarte 5-Day RSI Related Terms

Thank you for viewing the detailed overview of Teixeira Duarte's 5-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Teixeira Duarte Business Description

Traded in Other Exchanges
Address
Lagoas Park, Edificio 2, Porto Salvo, Oeiras, PRT, 2740-265
Teixeira Duarte SA is engaged in the business of the undertaking and management of investments, the coordination and supervision of other companies included in or related to its corporate group, operating in areas of strategic and organizational planning as well as the provision of administrative, and management, consulting, operational assistance in terms of human resources, technical and financial services in which the company has the stake. The firm has in construction, concessions and services, real estate, hospitality, distribution and automotive business sectors. The company operates in Portugal, Angola, Algeria, Brazil, Spain, France, Morocco, Mozambique, and Venezuela.

Teixeira Duarte Headlines

No Headlines