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PCQRF (Petrolympic) 5-Day RSI : 41.98 (As of Dec. 13, 2024)


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What is Petrolympic 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), Petrolympic's 5-Day RSI is 41.98.

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

PCQRF's 5-Day RSI is ranked better than
51.93% of 1088 companies
in the Oil & Gas industry
Industry Median: 45.895 vs PCQRF: 41.98

Competitive Comparison of Petrolympic's 5-Day RSI

For the Oil & Gas E&P subindustry, Petrolympic'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.


Petrolympic's 5-Day RSI Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petrolympic's 5-Day RSI distribution charts can be found below:

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



Petrolympic  (OTCPK:PCQRF) 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.


Petrolympic  (OTCPK:PCQRF) 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.


Petrolympic 5-Day RSI Related Terms

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Petrolympic Business Description

Traded in Other Exchanges
Address
C/o Fogler, Rubinoff LLP, 77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8
Petrolympic Ltd is an exploration company, engaged in the acquisition, exploration, and development of petroleum light crude oil and natural gas properties in North America. The company operates and holds an interest in two business areas which are St. Lawrence Lowlands and Gaspe Peninsula in Canada and Texas in Canada and the Maverick Basin Project in the United States of America. Geographically, it has two segments namely Canada and the USA.

Petrolympic Headlines

From GuruFocus

Petrolympic Announces Amendment to Belcourt Acquisition Agreement

By GlobeNewswire GlobeNewswire 07-27-2021

Petrolympic Announces Completion of Debt Settlement

By GlobeNewswire GlobeNewswire 02-22-2021

Petrolympic Announces Postponement of First Quarter Filings

By GlobeNewswire GlobeNewswire 05-29-2020

Petrolympic's claim to the Government

By GlobeNewswire GlobeNewswire 11-04-2019

Petrolympic Ltd. Announces Closing of Private Placement of Units

By GlobeNewswire GlobeNewswire 09-17-2021

Petrolympic Ltd. Announces Closing of Private Placement Financing

By GlobeNewswire GlobeNewswire 11-24-2022

Petrolympic Announces Option Grant

By GlobeNewswire GlobeNewswire 12-08-2022