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Nordic Fibreboard AS (OTSE:SKN1T) 5-Day RSI : 55.11 (As of Dec. 13, 2024)


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What is Nordic Fibreboard AS 5-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. 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), Nordic Fibreboard AS's 5-Day RSI is 55.11.

The industry rank for Nordic Fibreboard AS's 5-Day RSI or its related term are showing as below:

OTSE:SKN1T's 5-Day RSI is ranked worse than
50.44% of 450 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 54.875 vs OTSE:SKN1T: 55.11

Competitive Comparison of Nordic Fibreboard AS's 5-Day RSI

For the Furnishings, Fixtures & Appliances subindustry, Nordic Fibreboard 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.


Nordic Fibreboard AS's 5-Day RSI Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nordic Fibreboard AS's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Nordic Fibreboard AS's 5-Day RSI falls into.



Nordic Fibreboard AS  (OTSE:SKN1T) 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.


Nordic Fibreboard AS  (OTSE:SKN1T) 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.


Nordic Fibreboard AS 5-Day RSI Related Terms

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Nordic Fibreboard AS Business Description

Traded in Other Exchanges
N/A
Address
Raama 31, Parnu, EST, 80044
Nordic Fibreboard AS is a company operating in the business of fiberboard and furniture products. It operates through the business segments of Fibreboard manufacturing and sale; and Real Estate Management. The company generates maximum revenue from the Fibreboard manufacturing and sale segment. Fibreboard manufacturing and sale segment includes manufacturing general construction boards based on softwood fibre boards and interior finishing boards in Parnu and Pussi factories and wholesale of those boards. Geographically, it derives a majority of its revenue from the European Union and also has a presence in Russia; Asia; Africa; the Middle East, and other regions.

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