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.
The industry rank for NorAm Drilling AS's 5-Day RSI or its related term are showing as below:
OSL:NORAM's 5-Day RSI is ranked better than 81.14% of 1050
companies
in the Oil & Gas industry
Industry Median: 43.27
vs OSL:NORAM: 47.64
NorAm Drilling AS (OSL:NORAM) 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.
NorAm Drilling AS 5-Day RSI Related Terms
OSL:NORAM vs SLB, BKR, HAL: 5-Day RSI Comparison
For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS'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.
NorAm Drilling AS 5-Day RSI vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's 5-Day RSI distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS's 5-Day RSI falls into.
NorAm Drilling AS (OSL:NORAM) 5-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.
NorAm Drilling AS (OSL:NORAM) has a 5-Day RSI of 47.64 as of Jul. 04, 2026. According to the industry distribution chart, NorAm Drilling AS ranks #198 out of 1050 companies in the Oil & Gas industry, placing it in the top 18.9%.
Is NorAm Drilling AS's 5-Day RSI too high?
NorAm Drilling AS's current 5-Day RSI is 47.64. The Oil & Gas industry median 5-Day RSI is 43.27. NorAm Drilling AS's value of 47.64 is 10.1% above this industry median. Based on the distribution chart, NorAm Drilling AS ranks #198 out of 1050 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NorAm Drilling AS has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's 5-Day RSI compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #198 out of 1050 companies for 5-Day RSI. This places NorAm Drilling AS in the top 19% of its industry — outperforming the majority of peers. The industry median 5-Day RSI is 43.27. NorAm Drilling AS's value of 47.64 is 10.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Day RSI for an Oil & Gas company?
The median 5-Day RSI among Oil & Gas companies is 43.27, based on 1,050 companies in the industry. Companies in the top quartile (top 25%) have a 5-Day RSI significantly above this median, while those in the bottom quartile fall well below. However, 5-Day RSI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NorAm Drilling AS's current 5-Day RSI of 47.64 is 10.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 5-Day RSI mean?
A high 5-Day RSI can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median 5-Day RSI is 43.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current 5-Day RSI is 47.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorAm Drilling AS stock overvalued right now?
Based on GuruFocus' analysis, NorAm Drilling AS (OSL:NORAM) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.71, compared to a current price of kr38.85 — trading 15.2% above its estimated fair value. The current 5-Day RSI is 47.64 and 10.1% above the Oil & Gas industry median of 43.27. NorAm Drilling AS's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Day RSI calculated?
5-Day RSI is calculated from a company's financial statements. For NorAm Drilling AS (OSL:NORAM), the current 5-Day RSI is 47.64 as of Jul. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NorAm Drilling AS (OSL:NORAM) Overvalued in 2026?
Based on GuruFocus' analysis, NorAm Drilling AS stock appears to be overvalued.
The current stock price of kr38.85 is trading 15.2% above its estimated GF Value™ of kr33.71.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
5-Day RSI: 47.64
GF Value™: kr33.71 vs. price of kr38.85 (15.2% above fair value)
Industry Position: 10.1% above the Oil & Gas median (#198 of 1050)
No single metric tells the full story. See the OSL:NORAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NorAm Drilling AS owns and operates a quality rig portfolio of super spec developed high-end AC driven rigs tailored for the drilling of horizontal wells in the USA land drilling market. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. The group's operating segments are NorAm Drilling Company, which derives maximum revenue, and NorAm Drilling AS.
87GF Score
Get the complete analysis for OSL:NORAM
5-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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