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Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) 14-Day RSI : 53.27 (As of May. 25, 2024)


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What is Meka Betonntralleri Imalatnayi ve Ticaret AS 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 (2024-05-25), Meka Betonntralleri Imalatnayi ve Ticaret AS's 14-Day RSI is 53.27.

The industry rank for Meka Betonntralleri Imalatnayi ve Ticaret AS's 14-Day RSI or its related term are showing as below:

IST:MEKAG's 14-Day RSI is ranked worse than
66.51% of 436 companies
in the Building Materials industry
Industry Median: 48.775 vs IST:MEKAG: 53.27

Competitive Comparison of Meka Betonntralleri Imalatnayi ve Ticaret AS's 14-Day RSI

For the Building Materials subindustry, Meka Betonntralleri Imalatnayi ve Ticaret AS'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.


Meka Betonntralleri Imalatnayi ve Ticaret AS's 14-Day RSI Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Meka Betonntralleri Imalatnayi ve Ticaret AS's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Meka Betonntralleri Imalatnayi ve Ticaret AS's 14-Day RSI falls into.



Meka Betonntralleri Imalatnayi ve Ticaret AS  (IST:MEKAG) 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.


Meka Betonntralleri Imalatnayi ve Ticaret AS  (IST:MEKAG) 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.


Meka Betonntralleri Imalatnayi ve Ticaret AS 14-Day RSI Related Terms

Thank you for viewing the detailed overview of Meka Betonntralleri Imalatnayi ve Ticaret AS's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Business Description

Traded in Other Exchanges
N/A
Address
Ismet Inonu Blv No. 12, Malikoy Baskent Osb, Ankara, TUR, 06909
Meka Beton Santralleri Imalat Sanayi ve Ticaret AS is a company engaged in the Production of Concrete Plants and Equipment for Ready-Mixed Concrete Production, Construction and Precast Industries. It has ability and experience to design and produce plants and equipment for every capacity and production type in the production of concrete plants and equipment. MEKA produces crushing, screening and washing equipment for aggregate production, mining and recycling industries.

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