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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 (2024-05-15), TG Venture Acquisition's 9-Day RSI is 40.63.
The industry rank for TG Venture Acquisition's 9-Day RSI or its related term are showing as below:
For the Shell Companies subindustry, TG Venture Acquisition'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.
For the Diversified Financial Services industry and Financial Services sector, TG Venture Acquisition's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where TG Venture Acquisition's 9-Day RSI falls into.
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.
TG Venture Acquisition (NAS:TGVC) 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.
Thank you for viewing the detailed overview of TG Venture Acquisition's 9-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.
Wolverine Asset Management Llc | 10 percent owner | 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604 |
High Income Securities Fund | 10 percent owner | US BANCORP FUND SERVICES LLC, 615 EAST MICHIGAN STREET, MILWAUKEE WI 53202 |
Special Opportunities Fund, Inc. | 10 percent owner | C/O US BANCORP FUND SERVICES, LLC, 615 EAST MICHIGAN AVENUE, MILWAUKEE WI 53202 |
Phillip Goldstein | 10 percent owner | 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570 |
Andrew Dakos | 10 percent owner | 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663 |
Investors, Llp Bulldog | 10 percent owner | PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663 |
Patrick Tsang | director, 10 percent owner, officer: Chairman and CEO | WICKHAMS CARY II, PO BOX 3170, ROAD TOWN, TORTOLA D8 00000 |
Philip Benedict Rettger | director, officer: CFO | PO BOX 605, KETTLE FALLS, WASHINGTON WA 99141 |
Ma Jason Cheng Yuen | director | 2121 AVENUE OF THE STARS,, SUITE 2320, LOS ANGELES CA 90067 |
Komal Ahmad | director | 300 BERRY STREET, #1313, SAN FRANCISCO CA 94158 |
Michael Lewis Alexander | director | SUITE 1975, LEVEL 19, TWO IFC,, 8 FINANCE STREET, HONG KONG F4 00000 |
Tsangs Group Holdings Ltd | 10 percent owner | ROOM 6801, 68TH FLOOR,, 99 QUEENS ROAD CENTRAL, CENTRAL,, HONG KONG F4 999077 |
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