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Plascar Participacoes Industriais (BSP:PLAS3) 14-Day RSI : 32.02 (As of May. 22, 2024)


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What is Plascar Participacoes Industriais 14-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.

As of today (2024-05-22), Plascar Participacoes Industriais's 14-Day RSI is 32.02.

The industry rank for Plascar Participacoes Industriais's 14-Day RSI or its related term are showing as below:

BSP:PLAS3's 14-Day RSI is ranked better than
90.91% of 1331 companies
in the Vehicles & Parts industry
Industry Median: 50.14 vs BSP:PLAS3: 32.02

Competitive Comparison of Plascar Participacoes Industriais's 14-Day RSI

For the Auto Parts subindustry, Plascar Participacoes Industriais'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.


Plascar Participacoes Industriais's 14-Day RSI Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Plascar Participacoes Industriais's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Plascar Participacoes Industriais's 14-Day RSI falls into.



Plascar Participacoes Industriais  (BSP:PLAS3) 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.


Plascar Participacoes Industriais  (BSP:PLAS3) 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.


Plascar Participacoes Industriais 14-Day RSI Related Terms

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Plascar Participacoes Industriais (BSP:PLAS3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Wilhelm Winter, 300 Distrito Industrial, Jundiai, SP, BRA, CEP 13213-000
Plascar Participacoes Industriais SA is engaged in manufacturing and distributing auto parts. The company with its subsidiaries is involved in the manufacturing and sales of pieces and parts related to internal and external finishing of automotive vehicles. In addition, the company is also involved in the manufacturing of non-automotive products, such as supermarket trolleys, multipurpose boxes, ecological pallets, and furniture. The company product portfolio includes products like includes bumpers, instrument panels, air diffusers, cup holders, side doors, door pockets, and carpets.

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