The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30.
NSLPQ's 14-Day RSI is not ranked
in the Oil & Gas industry.
Industry Median: 49.83
vs NSLPQ: 43.81
Competitive Comparison of New Source Energy Partners LP's 14-Day RSI
For the Oil & Gas E&P subindustry, New Source Energy Partners LP's 14-Day RSI, along with its competitors' market caps and 14-Day RSI data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New Source Energy Partners LP's 14-Day RSI Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, New Source Energy Partners LP's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where New Source Energy Partners LP's 14-Day RSI falls into.
New Source Energy Partners LP (OTCPK:NSLPQ) 14-Day RSI Calculation
The formula for calculating RSI is:
RSI
=
100
–
[ 100
/
( 1 + Average Gain
/
Average Loss )]
* Note that the formula uses a positive value for the average loss.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
New Source Energy Partners LP (OTCPK:NSLPQ) 14-Day RSI Explanation
The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.
Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.
RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections.
New Source Energy Partners LP 14-Day RSI Related Terms
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New Source Energy Partners LP (New Source Energy Partners LP) Business Description
New Source Energy Partners LP is engaged in the development and production of onshore oil and natural gas properties which are extended across the conventional resource reservoirs in east-central Oklahoma. In addition, it is also involved in the oilfield services which provides essential well site services during the drilling and completion stages of a well, including full-service blowout prevention installation, pressure testing services, including certain ancillary equipment necessary to perform such services, well testing and flowback services to companies in the oil and natural gas industry primarily in Oklahoma, Texas, New Mexico, Kansas, Pennsylvania, Ohio and West Virginia.
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