Honeywell Automation India RSI
What is the RSI of Honeywell Automation India?
The RSI of Honeywell Automation India Limited is 42.56
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 Industrials sector on NSE compared to Honeywell Automation India
What does Honeywell Automation India do?
Honeywell Automation India Limited provides integrated automation and control systems in India and internationally. The company manufactures and sells electronic systems and components; and trades in, repairs, and maintains machinery, equipment, and supplies. It also provides building management systems, fire detection and alarm systems, access control systems, video surveillance systems, and integrated security and building management systems, as well as aftermarket services for various control systems; and utilities' operations and maintenance services for mechanical and electrical systems in buildings. In addition, the company offers project engineering and software development services; engineering, sourcing, manufacturing, testing, project management, and systems design services; lifecycle and technology migration services; and industrial cyber security services. Further, it engages in the sensing and internet of things activities. The company was incorporated in 1984 and is based in Pune, India. Honeywell Automation India Limited is a subsidiary of HAIL Mauritius Limited.
Companies with rsi similar to Honeywell Automation India
- International Constructions has RSI of 42.55
- Green Plains Partners LP has RSI of 42.55
- ABG Sundal Collier ASA has RSI of 42.55
- Shanghai Dazhong Public Utilities () Co has RSI of 42.55
- Ion has RSI of 42.55
- Volkswagen AG has RSI of 42.55
- Honeywell Automation India has RSI of 42.56
- Teradata Corp has RSI of 42.57
- Iovance Biotherapeutics Inc has RSI of 42.57
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- McGrath Rentcorp has RSI of 42.57
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- Vivendi SA has RSI of 42.57