Mint Payments RSI
What is the RSI of Mint Payments?
The RSI of Mint Payments Limited is 40.84
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 Technology sector on ASX compared to Mint Payments
What does Mint Payments do?
Mint Payments Limited provides mobile payments and transaction services in Australia. The company provides omnichannel payment processing solutions that enable businesses to process and manage their payments. Its products include Mint mPOS solution; Move 5000, a payment processing tool that accepts payments on the shop floor or at the table; Virtual Terminal, a cloud based payment processing tool; Mint Online, an online payment gateway; and Enterprise and White Label solution. It serves the travel, hospitality, and professional services sectors. The company was formerly known as Mint Wireless Limited and changed its name to Mint Payments Limited in December 2014. Mint Payments Limited was incorporated in 2006 and is based in Gladesville, Australia.
Companies with rsi similar to Mint Payments
- Vimy Resources has RSI of 40.83
- Guangdong Adway Construction () has RSI of 40.83
- Samurai Capital has RSI of 40.83
- Lions Gate Entertainment has RSI of 40.83
- Jia Yuan Technology has RSI of 40.83
- Energous has RSI of 40.83
- Mint Payments has RSI of 40.84
- Fuels has RSI of 40.85
- Porch has RSI of 40.85
- Sagardeep Alloys has RSI of 40.85
- Peruvian Metals has RSI of 40.86
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- H.G. Infra Engineering has RSI of 40.87