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 (2024-04-27), Elys Bmg Group's 14-Day RSI is 42.82.
The industry rank for Elys Bmg Group's 14-Day RSI or its related term are showing as below:
ELYS's 14-Day RSI is ranked better than 89.79% of 911
companies
in the Travel & Leisure industry
Industry Median: 48.04
vs ELYS: 42.82
Competitive Comparison of Elys Bmg Group's 14-Day RSI
For the Gambling subindustry, Elys Bmg Group'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.
Elys Bmg Group's 14-Day RSI Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Elys Bmg Group's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where Elys Bmg Group's 14-Day RSI falls into.
Elys Bmg Group (OTCPK:ELYS) 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.
Elys Bmg Group (OTCPK:ELYS) 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.
Elys Bmg Group 14-Day RSI Related Terms
Thank you for viewing the detailed overview of Elys Bmg Group's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.
Elys Bmg Group (Elys Bmg Group) Business Description
Elys Game Technology Corp is a fastest growing and technologically advanced Sports Betting and virtual sports betting products provider in the regulated business to business and business to consumer markets. It focuses on driving results for casino and leisure gaming operators with retail and digital solutions for Europe, North America and around the globe. The group operates into two segments namely Betting establishments and Betting platform software and services. Majority of revenue is generated from Betting establishments segment.
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