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 (2023-06-02), The Kraft Heinz Co's 14-Day RSI is 37.02.
The industry rank for The Kraft Heinz Co's 14-Day RSI or its related term are showing as below:
KHC's 14-Day RSI is ranked better than 66.14% of 2017
companies
in the Consumer Packaged Goods industry
Industry Median: 45.93
vs KHC: 37.02
Competitive Comparison
For the Packaged Foods subindustry, The Kraft Heinz Co'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.
The Kraft Heinz Co 14-Day RSI Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Kraft Heinz Co's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where The Kraft Heinz Co's 14-Day RSI falls in comparison to its industry or sector. The grey bar indicates the 14-Day RSI's extreme value range as defined by GuruFocus.
The Kraft Heinz Co (NAS:KHC) 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.
The Kraft Heinz Co (NAS:KHC) 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.
The Kraft Heinz Co 14-Day RSI Related Terms
Thank you for viewing the detailed overview of The Kraft Heinz Co's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.
In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. Outside North America, the firm's global reach counts a distribution network in Europe and emerging markets that drive around one fifth of its consolidated sales base, as its products are sold in more than 190 countries and territories.
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