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Caravelle International Group (NAS:CACO) 5-Day RSI

: 56.36 (As of Today)
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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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2023-09-23), Caravelle International Group's 5-Day RSI is 56.36.

The industry rank for Caravelle International Group's 5-Day RSI or its related term are showing as below:

CACO's 5-Day RSI is ranked worse than
53.42% of 1054 companies
in the Transportation industry
Industry Median: 44.34 vs CACO: 56.36

Competitive Comparison

For the Marine Shipping subindustry, Caravelle International Group's 5-Day RSI, along with its competitors' market caps and 5-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.

   

Caravelle International Group 5-Day RSI Distribution

For the Transportation industry and Industrials sector, Caravelle International Group's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Caravelle International Group's 5-Day RSI falls in comparison to its industry or sector. The grey bar indicates the 5-Day RSI's extreme value range as defined by GuruFocus.



Caravelle International Group  (NAS:CACO) 5-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.


Caravelle International Group  (NAS:CACO) 5-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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


Caravelle International Group 5-Day RSI Related Terms

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Caravelle International Group (NAS:CACO) Business Description

Caravelle International Group logo
Comparable Companies
Traded in Other Exchanges
N/A
Address
60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051
Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.