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.
The industry rank for American Cannabis Co's 14-Day RSI or its related term are showing as below:
AMMJ's 14-Day RSI is ranked worse than 78.57% of 56
companies
in the Tobacco Products industry
Industry Median: 47.435
vs AMMJ: 56.03
Competitive Comparison of American Cannabis Co's 14-Day RSI
For the Tobacco subindustry, American Cannabis Co'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.
American Cannabis Co's 14-Day RSI Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, American Cannabis Co's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where American Cannabis Co's 14-Day RSI falls into.
American Cannabis Co (OTCPK:AMMJ) 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.
American Cannabis Co (OTCPK:AMMJ) 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.
American Cannabis Co 14-Day RSI Related Terms
Thank you for viewing the detailed overview of American Cannabis Co's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.
American Cannabis Co Inc is engaged in the cannabis industry that features end-to-end solutions for businesses operating in the regulated cannabis industry in states and countries where cannabis is regulated and/or has been decriminalized for medical use and/or legalized for recreational use. It provides advisory and consulting services specific to this industry, designs industry-specific products and facilities, and manages a strategic group partnership that offers both exclusive and non-exclusive customer products commonly used in the industry. It is a licensed operator of two medical cannabis dispensaries and a cannabis cultivation facility in Colorado Springs, CO.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AMMJ has been successfully added to your