Absolute Equity Performance Fund RSI
What is the RSI of Absolute Equity Performance Fund?
The RSI of Absolute Equity Performance Fund Limited is 54.51
What is the definition of RSI?
The relative strength index (RSI 14) is a momentum indicator that compares the magnitude of gains and losses over a specified time period to measure speed and change of price movements of a security.
14-day period
It is used to identify overbought or oversold conditions in the trading of an asset. It oscillates between 0 and 100 and a stock is considered overbought when the RSI is above 70 and oversold when below 30. The relative strength index (RSI) is typically used on a 14-day timeframe and is calculated according to the formula 100 - [ 100 / (1 + RS)] where RS is the ratio of average gain to average loss. In the calculation of average gain and loss for a certain period, taking the prior value plus the current value is a smoothing technique similar to that used in calculating an exponential moving average. This also means that RSI values become more accurate as the calculation period extends.
Sudden large price movements can create false buy or sell signals in the RSI. The RSI is often used in conjunction with trend lines, as trend line support or resistance often coincides with support or resistance levels in the RSI reading. Watching for divergence between price and the RSI indicator is another means of refining its application. Divergence occurs when a security makes a new high or low in price but the RSI does not make a corresponding new high or low value. Bearish divergence, when price makes a new high but the RSI does not is taken as a sell signal. Bullish divergence that is interpreted as a buy signal occurs when price makes a new low, but the RSI value does not.
RSI of companies in the Finance sector on ASX compared to Absolute Equity Performance Fund
What does Absolute Equity Performance Fund do?
Absolute Equity Performance Fund Limited is an equity mutual fund launched and managed by Bennelong Long Short Equity Management Pty Limited. It invests in the public equity markets of Australia. The fund employs fundamental analysis and uses fundamental research to select securities and generate return. It invests in stocks of companies operating across the diversified sectors. Absolute Equity Performance Fund Limited was founded in November, 2015 and is domiciled in Australia.
Companies with rsi similar to Absolute Equity Performance Fund
- Hamilton Global s ETF has RSI of 54.49
- Sezzle has RSI of 54.49
- Maharashtra Seamless has RSI of 54.49
- Intershop AG has RSI of 54.49
- L'Occitane International S.A has RSI of 54.49
- Wrap Technologies has RSI of 54.50
- Absolute Equity Performance Fund has RSI of 54.51
- Sinomax has RSI of 54.52
- NGL Partners LP has RSI of 54.52
- Inmode Ltd has RSI of 54.52
- Ontex NV has RSI of 54.52
- SEACOR Inc has RSI of 54.52
- Western Asset Emerging Markets Debt Fund Inc has RSI of 54.53