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Goodman Group (ASX:GMG) 9-Day RSI : 44.51 (As of Dec. 15, 2024)


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What is Goodman Group 9-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. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-12-15), Goodman Group's 9-Day RSI is 44.51.

The industry rank for Goodman Group's 9-Day RSI or its related term are showing as below:

ASX:GMG's 9-Day RSI is ranked better than
60.5% of 1914 companies
in the Real Estate industry
Industry Median: 48.27 vs ASX:GMG: 44.51

Competitive Comparison of Goodman Group's 9-Day RSI

For the Real Estate - Diversified subindustry, Goodman Group's 9-Day RSI, along with its competitors' market caps and 9-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.


Goodman Group's 9-Day RSI Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Goodman Group's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Goodman Group's 9-Day RSI falls into.



Goodman Group  (ASX:GMG) 9-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.


Goodman Group  (ASX:GMG) 9-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. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


Goodman Group 9-Day RSI Related Terms

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Goodman Group Business Description

Traded in Other Exchanges
Address
1-11 Hayes Road, The Hayesbery, Rosebery, Sydney, NSW, AUS, 2018
Goodman Group develops and manages industrial property investments worldwide. Rather than keeping all risk on its own balance sheet, many Goodman developments are on behalf of end-user tenants and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman also retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.

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