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National International Holding Co KSCC (DFM:NIH) 9-Day RSI : 43.46 (As of Apr. 27, 2024)


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What is National International Holding Co KSCC 9-Day RSI?

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. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-04-27), National International Holding Co KSCC's 9-Day RSI is 43.46.

The industry rank for National International Holding Co KSCC's 9-Day RSI or its related term are showing as below:

DFM:NIH's 9-Day RSI is ranked worse than
52.92% of 1780 companies
in the Asset Management industry
Industry Median: 49.525 vs DFM:NIH: 43.46

Competitive Comparison of National International Holding Co KSCC's 9-Day RSI

For the Asset Management subindustry, National International Holding Co KSCC's 9-Day RSI, along with its competitors' market caps and 9-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.


National International Holding Co KSCC's 9-Day RSI Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, National International Holding Co KSCC's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where National International Holding Co KSCC's 9-Day RSI falls into.



National International Holding Co KSCC  (DFM:NIH) 9-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.


National International Holding Co KSCC  (DFM:NIH) 9-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. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


National International Holding Co KSCC 9-Day RSI Related Terms

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National International Holding Co KSCC (DFM:NIH) Business Description

Traded in Other Exchanges
Address
Abdulaziz Al-Saqer Street, Floor 45, Al-Raya Tower 2, PO Box 25825, Safat, Kuwait City, KWT
National International Holding Co KSCC is an investment company that invests in private equity and financial instruments, regionally and globally. The company is engaged in various types of investment activities through a well-diversified investment portfolio spread over several investment sectors basically financial services, real estate, industrial, contracting, information technology, and leisure and tourism. The group has three reportable segments Financial investing activities; Real Estate investing activities and Industrial activities.

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