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Miton UK MicroCap Trust (LSE:MINI) 9-Day RSI : 90.78 (As of May. 12, 2024)


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What is Miton UK MicroCap Trust 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 (2024-05-12), Miton UK MicroCap Trust's 9-Day RSI is 90.78.

The industry rank for Miton UK MicroCap Trust's 9-Day RSI or its related term are showing as below:

LSE:MINI's 9-Day RSI is ranked worse than
96.8% of 1780 companies
in the Asset Management industry
Industry Median: 58.245 vs LSE:MINI: 90.78

Competitive Comparison of Miton UK MicroCap Trust's 9-Day RSI

For the Asset Management subindustry, Miton UK MicroCap Trust'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.


Miton UK MicroCap Trust's 9-Day RSI Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Miton UK MicroCap Trust's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Miton UK MicroCap Trust's 9-Day RSI falls into.



Miton UK MicroCap Trust  (LSE:MINI) 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.


Miton UK MicroCap Trust  (LSE:MINI) 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.


Miton UK MicroCap Trust 9-Day RSI Related Terms

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Miton UK MicroCap Trust (LSE:MINI) Business Description

Traded in Other Exchanges
N/A
Address
51 New North Road, Beaufort House, Exeter, GBR, EX4 4EP
Miton UK MicroCap Trust PLC is an investment trust company. It invests in a portfolio of UK-quoted companies to achieve capital growth by investing in a portfolio of stocks that are well placed to generate an attractive cash payback from productivity improvements. The company's only operating segment is the investment business. It invests in a sector such as Utilities, Consumer Services, Consumer Goods, Health Care, Basic Materials, Financial Services, Oil and Gas, Industrials, and Technology.

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