The RSI of Rakuten, Inc. is 71.43
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.
Rakuten Group, Inc. offers internet services in Japan and internationally. It operates through three segments: Internet Services, FinTech, and Mobile segments. The Internet Services segment operates Rakuten Ichiba, an internet shopping mall; Rakuten Travel, online travel and reservation website; Rakuten Rewards, a membership-based online cashback site; Rakuten Fashion, a fashion mail order site; Rakuten Books, an online book, CD, and DVD stores; Rakuten 24 daily necessities sales service; Rakuten Seiyu Netsuper, an online grocery delivery service; Rakuten Bic, an electronics e-commerce site; Rakuten Rebates, a point-back service; Rakuma, a consumer-to-consumer mobile e-commerce app; Rakuten Super Logistics, a distribution and fulfillment services; Rakuten Drone, Drone/UGV delivery service; Rakuten Gora, an online golf course reservations; and Rakuten Marketing that provides performance marketing services. This segment also offers Rakuten Capital, an investment company; Rakuten Farm, an agricultural service; Rakuten Super English, an English language learning service; and Rakuten AirMap, which provides airspace management services for drones. The FinTech segment provides Rakuten Card services; payment services, including Rakuten Pay; and internet banking financial services, such as Rakuten Bank; Rakuten Securities, an online brokerage services; and Rakuten Life and General Insurance products. The Mobile segment provides Rakuten Mobile, a mobile communications service; Rakuten Communications, a telecommunication service provider; Rakuten Energy that offer electricity and energy-related services and solutions; Rakuten TV, a video distribution service; Rakuten Music, an online music streaming service; Rakuten Ticket, an online ticket store; NBA Rakuten; and Rakuten DX. The company was formerly known as Rakuten, Inc. and changed its name to Rakuten Group, Inc. in April 2021. Rakuten Group, Inc. was incorporated in 1997 and is headquartered in Tokyo, Japan.