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 (2024-06-12), GMX Resources's 9-Day RSI is N/A.
The industry rank for GMX Resources's 9-Day RSI or its related term are showing as below:
FRA:HJ8A's 9-Day RSI is not ranked *
in the Oil & Gas industry.
Industry Median: 46.285 * Ranked among companies with meaningful 9-Day RSI only.
Competitive Comparison of GMX Resources's 9-Day RSI
For the Oil & Gas E&P subindustry, GMX Resources'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.
GMX Resources's 9-Day RSI Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, GMX Resources's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where GMX Resources's 9-Day RSI falls into.
GMX Resources (FRA:HJ8A) 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.
GMX Resources (FRA:HJ8A) 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.
GMX Resources 9-Day RSI Related Terms
Thank you for viewing the detailed overview of GMX Resources's 9-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.
GMX Resources Inc. is an oil and gas company, which is engaged in the exploration, development and production of oil and natural gas from the Haynesville/Bossier Shale and Cotton Valley Sands in its core area, the Sabine Uplift of the Carthage, North Field of Harrison and Panola counties of East Texas. It also has properties located in Lea and Roosevelt counties, and New Mexico. During the first half of 2011, the company acquired all of the working interest and an average greater than 80% net revenue interest in approximately 35,000 undeveloped net acres of oil and gas leases located in Billings, Stark, McKenzie and Dunn Counties of North Dakota, and Richland, Sheridan and Wibaux Counties of Montana. The company holds Williston Basin leases in approximately 150 1,280-acre units and expects to be the operator in approximately 31 of those units, providing a minimum of 172 operated locations. At the same time it acquired all of the working interest and an 80% net revenue interest in approximately 40,000 undeveloped net acres of oil and gas leases located in Platte, Goshen and Laramie Counties of Wyoming. During 2011, it acquired approximately 35,000 net acres in the Bakken/Three Forks oil resource play, which provides it with over 400 potential horizontal locations. The company intends to continue its multi-year drilling program in 2012, expanding to a multi-rig program based on available liquidity and capital resources. It has three subsidiaries: Diamond Blue Drilling Co. (Diamond Blue), which previously owned three drilling rigs, Endeavor Pipeline Inc. (Endeavor Pipeline), which operates its water supply and salt water disposal systems in its East Texas area, and Endeavor Gathering, LLC (Endeavor Gathering), which owns the natural gas gathering system and related equipment operated by Endeavor Pipeline. Kinder Morgan Endeavor LLC (KME) owns 40% membership interest in Endeavor Gathering. During 2011 and the first two months of 2012, the company successfully drilled and completed five Bakken Petroleum System wells, all in North Dakota. The Wock 21-2-1H, Frank 31-4-1H and the Marsh 21-16 TFH wells are located in Stark County, while the Taboo 1-25-36H and the Evoniuk 21-2-1H are located in McKenzie and Billings County, North Dakota.
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