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Randon Implementos E Participacoes (BSP:RAPT4) 14-Day RSI

: 30.21 (As of Today)
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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.

As of today (2024-04-24), Randon Implementos E Participacoes's 14-Day RSI is 30.21.

The industry rank for Randon Implementos E Participacoes's 14-Day RSI or its related term are showing as below:

BSP:RAPT4's 14-Day RSI is ranked better than
91.28% of 218 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 47.23 vs BSP:RAPT4: 30.21

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Randon Implementos E Participacoes's 14-Day RSI, along with its competitors' market caps and 14-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.


Randon Implementos E Participacoes 14-Day RSI Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Randon Implementos E Participacoes's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Randon Implementos E Participacoes's 14-Day RSI falls into.



Randon Implementos E Participacoes  (BSP:RAPT4) 14-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.


Randon Implementos E Participacoes  (BSP:RAPT4) 14-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.


Randon Implementos E Participacoes 14-Day RSI Related Terms

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Randon Implementos E Participacoes (BSP:RAPT4) Business Description

Traded in Other Exchanges
Address
Av Abramo Randon 770, Caxias Do Sul, RS, BRA, 95055010
Randon SA Implementos E Participacoes is a Brazil-based company primarily engaged in the manufacture of heavy vehicles and parts. The company is engaged in the following segments Road / Railroad Equipment & Specialty Vehicles, Auto Parts and Services and others. Its products include various wagon types, platform, tank, sider and telescopic, as well as off-road trucks, truck bodies, trailers and semi-trailers, brake and transmission system. The firm generates its major part of the revenue from road, railroad equipment and specialty vehicles segment.

Randon Implementos E Participacoes (BSP:RAPT4) Headlines

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