Invesco QQQ Trust, Series 1 RSI
What is the RSI of Invesco QQQ Trust, Series 1?
The RSI of Invesco QQQ Trust, Series 1 is 50.33
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 Miscellaneous sector on LSE compared to Invesco QQQ Trust, Series 1
What does Invesco QQQ Trust, Series 1 do?
Invesco QQQ Trust, Series 1 is an exchange traded fund launched by Invesco Ltd. The fund is managed by Invesco Capital Management LLC. The fund invests in public equity markets of global region. The fund invests in stocks of companies operating across energy, real estate, materials, industrials, consumer discretionary, consumer staples, health care, information technology, communication services, utilities sectors. It invests in growth and value stocks of large-cap companies. It seeks to track the performance of the NASDAQ-100 Index, by using full replication technique. Invesco QQQ Trust, Series 1 was formed on March 10, 1999 and is domiciled in the United States.
Companies with rsi similar to Invesco QQQ Trust, Series 1
- Native Mineral Resources has RSI of 50.32
- Clariant Chemicals (India) has RSI of 50.32
- HAL Trust has RSI of 50.32
- Power Assets has RSI of 50.32
- eDreams ODIGEO S.A has RSI of 50.32
- Kenorland Minerals has RSI of 50.32
- Invesco QQQ Trust, Series 1 has RSI of 50.33
- GlobalSCAPE has RSI of 50.34
- HomeTrust Bancshares Inc has RSI of 50.34
- Ladder Capital Corp has RSI of 50.34
- Skipper has RSI of 50.34
- ACC has RSI of 50.34
- Mainstreet Equity has RSI of 50.34