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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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
As of today (2024-12-13), Compass Diversified Holdings's 5-Day RSI is 53.97.
The industry rank for Compass Diversified Holdings's 5-Day RSI or its related term are showing as below:
For the Conglomerates subindustry, Compass Diversified Holdings's 5-Day RSI, along with its competitors' market caps and 5-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.
For the Conglomerates industry and Industrials sector, Compass Diversified Holdings's 5-Day RSI distribution charts can be found below:
* The bar in red indicates where Compass Diversified Holdings's 5-Day RSI falls into.
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.
Compass Diversified Holdings (NYSE:CODI) 5-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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
Thank you for viewing the detailed overview of Compass Diversified Holdings's 5-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick A Maciariello | other: See Remarks (a) | 301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880 |
Simon Heidi Locke | other: See Remark (a) | 26 KENSETT LANE, DARIEN CT 06820 |
Ryan J Faulkingham | other: See Remark (a) | SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880 |
Larry L Enterline | other: See Remark (a) | 2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217 |
Teri Shaffer | other: See Remark (a) | 301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880 |
Nancy Mahon | other: See Remark (a) | C/O TPG PACE BENEFICIAL FINANCE CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Alexander S. Bhathal | other: See Remark (a) | 301 RIVERSIDE AVENUE, SECOND FLOOR, WESTPORT CT 06880 |
Gordon M Burns | other: See Remark (a) | AZTAR CORPORATION, 2390 E. CAMELBACK RD., SUITE 400, PHOENIX AZ 85016 |
Elias Sabo | other: See Remarks (a) | 2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217 |
Harold S Edwards | other: See Remark (a) | SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880 |
James Bottiglieri | other: See Remark (a) | 2187 ATLANTIC ST, STAMFORD CT 06902 |
Compass Group Investments, Ltd. | 10 percent owner | BELVEDERE BUILDING, 69 PITTS BAY ROAD, HAMILTON HM 08 D0 00000 |
Sarah Gaines Mccoy | other: See Remark (a) | 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203-5862 |
C Sean Day | other: See Remark (a) | |
D Eugene Ewing | other: See Remark (a) | SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880 |
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