GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fidelity Bank PLC (NSA:FBP) » Definitions » 9-Day RSI

Fidelity Bank (NSA:FBP) 9-Day RSI : 48.56 (As of Dec. 14, 2024)


View and export this data going back to 2005. Start your Free Trial

What is Fidelity Bank 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 (2024-12-14), Fidelity Bank's 9-Day RSI is 48.56.

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

NSA:FBP's 9-Day RSI is ranked better than
57.32% of 1633 companies
in the Banks industry
Industry Median: 51.17 vs NSA:FBP: 48.56

Competitive Comparison of Fidelity Bank's 9-Day RSI

For the Banks - Regional subindustry, Fidelity Bank'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.


Fidelity Bank's 9-Day RSI Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Fidelity Bank's 9-Day RSI distribution charts can be found below:

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



Fidelity Bank  (NSA:FBP) 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.


Fidelity Bank  (NSA:FBP) 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.


Fidelity Bank 9-Day RSI Related Terms

Thank you for viewing the detailed overview of Fidelity Bank's 9-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Fidelity Bank Business Description

Traded in Other Exchanges
N/A
Address
1 Fidelity Bank Close Off Kofo Abayomi Street, Fidelity Place, Victoria Island, Lagos, NGA
Fidelity Bank PLC offers banking and other financial services to corporate and individual customers. It operates through segments including Retail banking that offers retail, personal and commercial services to individuals, small and medium business customers and E-Business products to serve retail banking. Its Corporate Banking segment offers commercial and corporate banking services to corporate business customers, it covers the Power and Infrastructure, Oil and Gas Upstream and downstream, Real Estate, Agro-Allied, and other industries. Investment banking segment is involved in the funding and management of the bank's securities, trading, and investment decisions.