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Saudi Arabian Refineries Co (SAU:2030) 5-Day RSI : 48.29 (As of Dec. 16, 2024)


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What is Saudi Arabian Refineries Co 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 (2024-12-16), Saudi Arabian Refineries Co's 5-Day RSI is 48.29.

The industry rank for Saudi Arabian Refineries Co's 5-Day RSI or its related term are showing as below:

SAU:2030's 5-Day RSI is ranked worse than
51.55% of 613 companies
in the Conglomerates industry
Industry Median: 50.75 vs SAU:2030: 48.29

Competitive Comparison of Saudi Arabian Refineries Co's 5-Day RSI

For the Conglomerates subindustry, Saudi Arabian Refineries Co'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.


Saudi Arabian Refineries Co's 5-Day RSI Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Saudi Arabian Refineries Co's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Saudi Arabian Refineries Co's 5-Day RSI falls into.



Saudi Arabian Refineries Co  (SAU:2030) 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.


Saudi Arabian Refineries Co  (SAU:2030) 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.


Saudi Arabian Refineries Co 5-Day RSI Related Terms

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Saudi Arabian Refineries Co Business Description

Traded in Other Exchanges
N/A
Address
Madinah Road, Adham Commercial Cente, P.O. Box 1113, Jeddah, SAU, 21431
Saudi Arabian Refineries Co is engaged in a diversified line of business. The company's activities include the Extraction of crude oil and construction of refineries, petrochemical plants, and refineries; Dealing in securities in an authentic manner; Buying and selling lands and real estate, dividing them and selling activities on the map and Management and leasing of real estate owned or leased.

Saudi Arabian Refineries Co Headlines

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