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Brodrene A & O Johansen AS (OCSE:AOJ B) 14-Day RSI : 32.45 (As of Dec. 14, 2024)


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What is Brodrene A & O Johansen AS 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 (2024-12-14), Brodrene A & O Johansen AS's 14-Day RSI is 32.45.

The industry rank for Brodrene A & O Johansen AS's 14-Day RSI or its related term are showing as below:

OCSE:AOJ B's 14-Day RSI is ranked better than
86.87% of 160 companies
in the Industrial Distribution industry
Industry Median: 48.5 vs OCSE:AOJ B: 32.45

Competitive Comparison of Brodrene A & O Johansen AS's 14-Day RSI

For the Industrial Distribution subindustry, Brodrene A & O Johansen AS'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.


Brodrene A & O Johansen AS's 14-Day RSI Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Brodrene A & O Johansen AS's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Brodrene A & O Johansen AS's 14-Day RSI falls into.



Brodrene A & O Johansen AS  (OCSE:AOJ B) 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.


Brodrene A & O Johansen AS  (OCSE:AOJ B) 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.


Brodrene A & O Johansen AS 14-Day RSI Related Terms

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Brodrene A & O Johansen AS Business Description

Traded in Other Exchanges
Address
Rorvang 3, Albertslund, DNK, 2620
Brodrene A & O Johansen AS is a distributor of industrial products in Denmark. It provides technical installation materials and supplies to the construction industry in Denmark. Its products include heating plumbing and sanitary ware products, electrical equipment and components, water supply and drainage products. Its clients comprise of plumbers, electricians, building contractors, sewer contractors, construction companies, municipalities, utilities and public institutions. The company follows three sales channels, which are AO Stores, which cater to the local market; Online trading, which offers products through its website and mobile application and competency centers where customers may place orders and get advice and direction as well as offers over the phone.

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