GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Blockmint Technologies Inc (TSXV:BKMT) » Definitions » 5-Day RSI

Blockmint Technologies (TSXV:BKMT) 5-Day RSI : 50.37 (As of Dec. 12, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Blockmint Technologies 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 (2024-12-12), Blockmint Technologies's 5-Day RSI is 50.37.

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

TSXV:BKMT's 5-Day RSI is ranked better than
59.33% of 831 companies
in the Capital Markets industry
Industry Median: 54.89 vs TSXV:BKMT: 50.37

Competitive Comparison of Blockmint Technologies's 5-Day RSI

For the Capital Markets subindustry, Blockmint Technologies'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.


Blockmint Technologies's 5-Day RSI Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Blockmint Technologies's 5-Day RSI distribution charts can be found below:

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



Blockmint Technologies  (TSXV:BKMT) 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.


Blockmint Technologies  (TSXV:BKMT) 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.


Blockmint Technologies 5-Day RSI Related Terms

Thank you for viewing the detailed overview of Blockmint Technologies's 5-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Blockmint Technologies Business Description

Traded in Other Exchanges
Address
733 Seymour Street, Suite 2900, Vancouver, BC, CAN, V6B 0S6
Blockmint Technologies Inc develops distributed systems and networks that enable a more decentralized deployment of blockchain-based applications such as cryptocurrency mining. The company generates revenue from digital currency received for providing mining services to various digital currencies validating a blockchain.
Executives
Colin David Watt Director

Blockmint Technologies Headlines

No Headlines