GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Absolicon Solar Collector AB (XSAT:ABSL B) » Definitions » 14-Day RSI

Absolicon Solar Collector AB (XSAT:ABSL B) 14-Day RSI : 36.78 (As of Oct. 31, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Absolicon Solar Collector AB 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 (2024-10-31), Absolicon Solar Collector AB's 14-Day RSI is 36.78.

The industry rank for Absolicon Solar Collector AB's 14-Day RSI or its related term are showing as below:

XSAT:ABSL B's 14-Day RSI is ranked better than
82.36% of 1009 companies
in the Semiconductors industry
Industry Median: 47.8 vs XSAT:ABSL B: 36.78

Competitive Comparison of Absolicon Solar Collector AB's 14-Day RSI

For the Solar subindustry, Absolicon Solar Collector AB'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.


Absolicon Solar Collector AB's 14-Day RSI Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Absolicon Solar Collector AB's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Absolicon Solar Collector AB's 14-Day RSI falls into.



Absolicon Solar Collector AB  (XSAT:ABSL 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.


Absolicon Solar Collector AB  (XSAT:ABSL 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.


Absolicon Solar Collector AB 14-Day RSI Related Terms

Thank you for viewing the detailed overview of Absolicon Solar Collector AB's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Absolicon Solar Collector AB Business Description

Traded in Other Exchanges
Address
Fiskaregatan 11, Harnosand, SWE, 871 33
Absolicon Solar Collector AB is a supplier of solar concentrators. The company is engaged in developing, manufacturing and selling solar energy systems. Its solar heat is used in Apartments, Solar district heating, Food industry, Hospitals, Hotels, Power Plant and Sports centers. It operates in approximately 3 continents.

Absolicon Solar Collector AB Headlines

No Headlines