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Fred. Olsen Production ASA (OSL:FOP) 14-Day RSI : N/A (As of May. 15, 2024)


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What is Fred. Olsen Production ASA 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 (2024-05-15), Fred. Olsen Production ASA's 14-Day RSI is N/A.

The industry rank for Fred. Olsen Production ASA's 14-Day RSI or its related term are showing as below:

OSL:FOP's 14-Day RSI is not ranked *
in the Oil & Gas industry.
Industry Median: 49.6
* Ranked among companies with meaningful 14-Day RSI only.

Competitive Comparison of Fred. Olsen Production ASA's 14-Day RSI

For the Oil & Gas Equipment & Services subindustry, Fred. Olsen Production ASA'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.


Fred. Olsen Production ASA's 14-Day RSI Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Fred. Olsen Production ASA's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Fred. Olsen Production ASA's 14-Day RSI falls into.



Fred. Olsen Production ASA  (OSL:FOP) 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.


Fred. Olsen Production ASA  (OSL:FOP) 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.


Fred. Olsen Production ASA 14-Day RSI Related Terms

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Fred. Olsen Production ASA (OSL:FOP) Business Description

Traded in Other Exchanges
N/A
Address
Fred Olsen Production ASA, formerly Yinson Production AS was founded in 1983. The Company provides offshore support services. Its segments include transport, marine, trading, and other. The transport segment includes the provision of commercial land transportation, haulage and shipping services. The marine segment comprises provision of vessel, barge and marine related services. The trading segment comprises the trading activities mainly in the construction related materials. The other business segments include rental, insurance and investment income.

Fred. Olsen Production ASA (OSL:FOP) Headlines

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