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Olive Tree Estates (SGX:1H2) 9-Day RSI : 98.68 (As of Jun. 20, 2024)


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What is Olive Tree Estates 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 (2024-06-20), Olive Tree Estates's 9-Day RSI is 98.68.

The industry rank for Olive Tree Estates's 9-Day RSI or its related term are showing as below:

SGX:1H2's 9-Day RSI is ranked worse than
98.81% of 1932 companies
in the Real Estate industry
Industry Median: 44.795 vs SGX:1H2: 98.68

Competitive Comparison of Olive Tree Estates's 9-Day RSI

For the Real Estate - Diversified subindustry, Olive Tree Estates'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.


Olive Tree Estates's 9-Day RSI Distribution in the Real Estate Industry

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

* The bar in red indicates where Olive Tree Estates's 9-Day RSI falls into.



Olive Tree Estates  (SGX:1H2) 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.


Olive Tree Estates  (SGX:1H2) 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.


Olive Tree Estates 9-Day RSI Related Terms

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Olive Tree Estates (SGX:1H2) Business Description

Traded in Other Exchanges
N/A
Address
114 Lavender Street, Number 06-01, CT Hub 2, Singapore, SGP, 338729
Olive Tree Estates Ltd is a Singapore-based investment holding company engaged in the development and sale of properties and property rental. The company operates through three business segments which include Investment, Property development comprising the Development and sale of light industrial buildings, and Property rental which includes Property management. Geographically group has a presence in Singapore and Vietnam. The majority of its revenue derives from the Property rental segment in Singapore.

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