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Kelt Exploration (FRA:2KE) 14-Day RSI : 44.51 (As of May. 21, 2024)


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What is Kelt Exploration 14-Day RSI?

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.

As of today (2024-05-21), Kelt Exploration's 14-Day RSI is 44.51.

The industry rank for Kelt Exploration's 14-Day RSI or its related term are showing as below:

FRA:2KE's 14-Day RSI is ranked better than
64.71% of 1125 companies
in the Oil & Gas industry
Industry Median: 51.29 vs FRA:2KE: 44.51

Competitive Comparison of Kelt Exploration's 14-Day RSI

For the Oil & Gas E&P subindustry, Kelt Exploration'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.


Kelt Exploration's 14-Day RSI Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kelt Exploration's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Kelt Exploration's 14-Day RSI falls into.



Kelt Exploration  (FRA:2KE) 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.


Kelt Exploration  (FRA:2KE) 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.


Kelt Exploration 14-Day RSI Related Terms

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Kelt Exploration (FRA:2KE) Business Description

Traded in Other Exchanges
Address
311 – 6th Avenue S.W, Suite 300, Calgary, AB, CAN, T2P 3H2
Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.

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