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Takaful Al Emarat (DFM:TAKAFUL-EM) 5-Day RSI : 49.84 (As of May. 10, 2024)


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What is Takaful Al Emarat 5-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. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-05-10), Takaful Al Emarat's 5-Day RSI is 49.84.

The industry rank for Takaful Al Emarat's 5-Day RSI or its related term are showing as below:

DFM:TAKAFUL-EM's 5-Day RSI is ranked worse than
75.56% of 577 companies
in the Insurance industry
Industry Median: 58.59 vs DFM:TAKAFUL-EM: 49.84

Competitive Comparison of Takaful Al Emarat's 5-Day RSI

For the Insurance - Specialty subindustry, Takaful Al Emarat's 5-Day RSI, along with its competitors' market caps and 5-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.


Takaful Al Emarat's 5-Day RSI Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Takaful Al Emarat's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Takaful Al Emarat's 5-Day RSI falls into.



Takaful Al Emarat  (DFM:TAKAFUL-EM) 5-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.


Takaful Al Emarat  (DFM:TAKAFUL-EM) 5-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. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


Takaful Al Emarat 5-Day RSI Related Terms

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Takaful Al Emarat (DFM:TAKAFUL-EM) Business Description

Traded in Other Exchanges
N/A
Address
Sheikh Rashid Road, Spectrum Building, Offices No. 304 & 305, 3rd floor, P.O. Box No. 57589, Umm Al Sheif, Oud Metha, Dubai, ARE
Takaful Al Emarat is engaged in providing insurance business in the United Arab Emirates. The company provides health insurance, life insurance, and credit and saving insurance. Under personal insurance, it provides level term plans, a decreasing term plan, takaful growth plan, whole life plan, educational plan, wealth plan, and Travel protection plan. Its segments are organized in takaful operations that include takaful business and investment operations consist of investments and cash management for the company.

Takaful Al Emarat (DFM:TAKAFUL-EM) Headlines

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