The RSI of Blue Bird Corp is 46.60
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.
about us blue bird offers a complete line of type a, c and d school buses in a variety of options and configurations. since 1927, blue bird corporation has continued to set industry standards with its innovative design and manufacturing capabilities. additionally, blue bird provides comprehensive financial solutions through blue bird capital services. today, blue bird has more than 1,600 employees, georgia-based manufacturing facilities and an extensive network of dealers and parts & service facilities throughout north america. its global presence can be seen in more than 60 countries through sales into africa, asia, the caribbean, latin america, europe and the middle east. our promise we are singularly focused on building and selling school buses that customers want and value. the safety of schoolchildren is at the center of all that we do and we will strive every day, just as we have since our beginning in 1927, to provide an unparalleled and affordable product in terms of safety, qu