GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ameriprise Financial Inc (LTS:0HF6) » Definitions » 5-Day RSI

Ameriprise Financial (LTS:0HF6) 5-Day RSI : 29.76 (As of Dec. 14, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Ameriprise Financial 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 (2024-12-14), Ameriprise Financial's 5-Day RSI is 29.76.

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

LTS:0HF6's 5-Day RSI is ranked better than
68.03% of 1755 companies
in the Asset Management industry
Industry Median: 45.29 vs LTS:0HF6: 29.76

Competitive Comparison of Ameriprise Financial's 5-Day RSI

For the Asset Management subindustry, Ameriprise Financial'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.


Ameriprise Financial's 5-Day RSI Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ameriprise Financial's 5-Day RSI distribution charts can be found below:

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



Ameriprise Financial  (LTS:0HF6) 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.


Ameriprise Financial  (LTS:0HF6) 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.


Ameriprise Financial 5-Day RSI Related Terms

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


Ameriprise Financial Business Description

Address
1099 Ameriprise Financial Center, Minneapolis, MN, USA, 55474
Ameriprise Financial is a major player in the us market for asset and wealth management, with around $1.4 trillion in total assets under management and administration at the end of 2023. With about 10,000 advisors, Ameriprise has one of the largest branded advisor networks in the industry. About 80% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and discontinuing the sale of proprietary fixed annuities in 2020.

Ameriprise Financial Headlines

No Headlines