Speciality Restaurants RSI
What is the RSI of Speciality Restaurants?
The RSI of Speciality Restaurants Limited is 47.15
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 Consumer Discretionary sector on BSE compared to Speciality Restaurants
What does Speciality Restaurants do?
Speciality Restaurants Limited owns and operates restaurant outlets and sweet shops in India. The company operates its restaurants under the Mainland China, Oh! Calcutta, Asia Kitchen by Mainland China, Sigree, Sigree Global Grill, Flame & Grill, Café Mezzuna, Hoppipola, Gong Modern Asian, POH, Spicery by Sigree, Jungle Safari, Haka, Machaan, and Zoodles brand names; and confectionaries and cafes under the Sweet Bengal and Dariole brands, as well as bars under the Hay and Episode One brands. As of March 31, 2020, it operated 109 restaurants, including 26 franchise restaurants; and 31 confectionaries. The company was founded in 1992 and is based in Mumbai, India.
Companies with rsi similar to Speciality Restaurants
- ProMIS Neurosciences has RSI of 47.13
- Victory Metals has RSI of 47.14
- Queen's Gambit Growth Capital has RSI of 47.14
- Titanium Transportation I has RSI of 47.14
- Aytu BioPharma Inc has RSI of 47.14
- Gulf Marine Services PLC has RSI of 47.14
- Speciality Restaurants has RSI of 47.15
- Franklin Street Properties has RSI of 47.16
- Element 29 Resources has RSI of 47.16
- Poxel SA has RSI of 47.16
- Intelicare has RSI of 47.16
- Piccadily Agro Industries has RSI of 47.16
- Capricorn Metals Ltd has RSI of 47.16