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Tegma Gestao Logistica (BSP:TGMA3) 14-Day RSI : 19.15 (As of Apr. 24, 2024)


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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), Tegma Gestao Logistica's 14-Day RSI is 19.15.

The industry rank for Tegma Gestao Logistica's 14-Day RSI or its related term are showing as below:

BSP:TGMA3's 14-Day RSI is ranked better than
98.16% of 1085 companies
in the Transportation industry
Industry Median: 48.51 vs BSP:TGMA3: 19.15

Competitive Comparison

For the Trucking subindustry, Tegma Gestao Logistica'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.


Tegma Gestao Logistica 14-Day RSI Distribution

For the Transportation industry and Industrials sector, Tegma Gestao Logistica's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Tegma Gestao Logistica's 14-Day RSI falls into.



Tegma Gestao Logistica  (BSP:TGMA3) 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.


Tegma Gestao Logistica  (BSP:TGMA3) 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.


Tegma Gestao Logistica 14-Day RSI Related Terms

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Tegma Gestao Logistica (BSP:TGMA3) Business Description

Traded in Other Exchanges
N/A
Address
Avenue Nicola Demarchi 2000, Bairro Demarchi, Sao Bernardo Do Campo, SP, BRA, 9820-655
Tegma Gestao Logistica SA provides logistics, transportation, and warehouse services in Brazil. The company's operating segments include; Automotive logistics and Integrated logistics. The Automotive Logistics division engages in the transportation of vehicles, as well as management of yard; transfer and distribution of vehicle; storage of vehicles; and provision of pre delivery inspection, and center for automotive/multi-brand services. The Integrated Logistics division provides transportation, storage, inventory management, and similar services. It generates maximum revenue from the Automotive Logistics segment.

Tegma Gestao Logistica (BSP:TGMA3) Headlines

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