>
Switch to:

CIT Group 14-Day RSI

: 58.79 (As of Today)
View and export this data going back to 1997. Start your Free Trial

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 (2022-01-23), CIT Group's 14-Day RSI is 58.79.


Competitive Comparison

For the Banks - Regional subindustry, CIT 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.

   

CIT Group 14-Day RSI Distribution

For the Banks industry and Financial Services sector, CIT Group's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where CIT Group's 14-Day RSI falls into.



CIT Group  (NYSE:CIT) 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.


CIT Group  (NYSE:CIT) 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.


CIT Group 14-Day RSI Related Terms

Thank you for viewing the detailed overview of CIT Group's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


CIT Group Business Description

CIT Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6022
Traded in Other Exchanges
Address
11 West 42nd Street, New York, NY, USA, 10036
CIT Group Inc is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.
Executives
Alemany Ellen R director, officer: Chair & CEO ONE ADP BOULEVARD ROSELAND NJ 07068
Rosenfeld Gerald director C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Duffy James J officer: EVP & Chief HR Officer C/O CIT GROUP, 11 WEST 42ND ST. NEW YORK NY 10036
Solk Steve officer: President, Consumer Banking C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Fawcett John J. officer: EVP and Chief Financial Office C/O CIT GROUP INC. 1 CIT DRIVE LIVINGSTON NJ 07039
Sperling Edward K officer: EVP & Controller C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Menelly Denise M. officer: EVP, Head of Technology & Ops C/O CIT GROUP INC., 1 CIT DRIVE LIVINGSTON NJ 07039
Proia Gina M. officer: EVP & Head of Marketing C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Plummer Wahida officer: EVP & Chief Risk Officer C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Harney Marisa officer: EVP & Chief Credit Officer C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Harnisch David officer: Pres., Commercial Finance C/O CIT GROUP, 1 CIT DRIVE LIVINGSTON NJ 07039
Tran Khanh T director C/O CIT GROUP INC., 1 CIT DRIVE, #3521-9 LIVINGSTON NJ 07039
Freeman William M director C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Oates R. Brad director C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Frank Alan L director C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039

CIT Group Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)