GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Itau Chile (OTCPK:ITCLY) » Definitions » 14-Day RSI

Banco Itau Chile (Banco Itau Chile) 14-Day RSI

: 24.95 (As of Today)
View and export this data going back to 2005. 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 (2024-04-20), Banco Itau Chile's 14-Day RSI is 24.95.

The industry rank for Banco Itau Chile's 14-Day RSI or its related term are showing as below:

ITCLY's 14-Day RSI is ranked worse than
77.58% of 1588 companies
in the Banks industry
Industry Median: 44.725 vs ITCLY: 24.95

Competitive Comparison

For the Banks - Regional subindustry, Banco Itau Chile'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.


Banco Itau Chile 14-Day RSI Distribution

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

* The bar in red indicates where Banco Itau Chile's 14-Day RSI falls into.



Banco Itau Chile  (OTCPK:ITCLY) 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.


Banco Itau Chile  (OTCPK:ITCLY) 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.


Banco Itau Chile 14-Day RSI Related Terms

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


Banco Itau Chile (Banco Itau Chile) Business Description

Traded in Other Exchanges
Address
Presidente Riesco 5537, Las Condes, Santiago, CHL
Banco Itau Chile is a commercial bank from Chile. The bank has operations in Colombia, Panama, the United States, and Spain. CorpBanca offers commercial and retail banking products, mainly to individuals and midsize and large corporations. The product portfolio consists of treasury and financial advisory, securities brokerage, asset management, insurance brokerage, investment banking, payment products, legal services, cash management, international trade, mortgages, and consumer credit.

Banco Itau Chile (Banco Itau Chile) Headlines

From GuruFocus

Note to Market | NYSE Ticker Change

By sperokesalga sperokesalga 04-19-2023