GURUFOCUS.COM » STOCK LIST » Asia » Bangladesh » DHA » Pragati Insurance Ltd (DHA:PRAGATIINS) » Definitions » 9-Day RSI
Switch to:

Pragati Insurance (DHA:PRAGATIINS) 9-Day RSI

: 41.81 (As of Today)
View and export this data going back to . 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. 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 (2022-12-09), Pragati Insurance's 9-Day RSI is 41.81.

The industry rank for Pragati Insurance's 9-Day RSI or its related term are showing as below:

DHA:PRAGATIINS's 9-Day RSI is ranked better than
74.26% of 575 companies
in the Insurance industry
Industry Median: 48.80 vs DHA:PRAGATIINS: 41.81

Pragati Insurance (DHA:PRAGATIINS) 9-Day RSI Competitive Comparison

For the Insurance - Diversified subindustry, Pragati Insurance'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.

   

Pragati Insurance (DHA:PRAGATIINS) 9-Day RSI Distribution

For the Insurance industry and Financial Services sector, Pragati Insurance's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Pragati Insurance's 9-Day RSI falls into.



Pragati Insurance  (DHA:PRAGATIINS) 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.


Pragati Insurance  (DHA:PRAGATIINS) 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.


Pragati Insurance 9-Day RSI Related Terms

Thank you for viewing the detailed overview of Pragati Insurance's 9-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Pragati Insurance (DHA:PRAGATIINS) Business Description

Pragati Insurance logo
Traded in Other Exchanges
N/A
Address
20-21, Kawran Bazar, Pragati Insurance Bhaban, 14th, 15th & 16th Floor, Dhaka, BGD, 1215
Pragati Insurance Ltd is a general insurance company, which insures all traditional lines of non-life insurance businesses, including flood, cyclone, earthquake, typhoon, malicious damage, burglary, riot, strike, damage, and other risks.

Pragati Insurance (DHA:PRAGATIINS) 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)
premium membership