GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Top End Energy Ltd (ASX:TEE) » Definitions » 9-Day RSI

Top End Energy (ASX:TEE) 9-Day RSI : 40.27 (As of Mar. 03, 2025)


View and export this data going back to 2022. Start your Free Trial

What is Top End Energy 9-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. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2025-03-03), Top End Energy's 9-Day RSI is 40.27.

The industry rank for Top End Energy's 9-Day RSI or its related term are showing as below:

ASX:TEE's 9-Day RSI is ranked better than
56.51% of 1099 companies
in the Oil & Gas industry
Industry Median: 42.72 vs ASX:TEE: 40.27

Competitive Comparison of Top End Energy's 9-Day RSI

For the Oil & Gas E&P subindustry, Top End Energy's 9-Day RSI, along with its competitors' market caps and 9-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.


Top End Energy's 9-Day RSI Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Top End Energy's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Top End Energy's 9-Day RSI falls into.



Top End Energy  (ASX:TEE) 9-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.


Top End Energy  (ASX:TEE) 9-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. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


Top End Energy 9-Day RSI Related Terms

Thank you for viewing the detailed overview of Top End Energy's 9-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Top End Energy Business Description

Traded in Other Exchanges
N/A
Address
10 Outram Street, Level 2, Perth, WA, AUS, 6005
Top End Energy Ltd operates in the oil and gas industry with a focus on exploring for oil, gas and other associated, and potentially marketable, product streams in Queensland and the Northern Territory. The company's projects include Tri Star Project, NT Territory Holdco Pty Ltd, and TG Project. The Group has identified one operating segment being the exploration for natural gas in Australia.

Top End Energy Headlines

No Headlines