GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » James Hardie Industries PLC (NYSE:JHX) » Definitions » 9-Day RSI

JHX (James Hardie Industries) 9-Day RSI : 32.91 (As of Dec. 15, 2024)


View and export this data going back to 2001. Start your Free Trial

What is James Hardie Industries 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 (2024-12-15), James Hardie Industries's 9-Day RSI is 32.91.

The industry rank for James Hardie Industries's 9-Day RSI or its related term are showing as below:

JHX's 9-Day RSI is ranked better than
82.81% of 448 companies
in the Building Materials industry
Industry Median: 51.175 vs JHX: 32.91

Competitive Comparison of James Hardie Industries's 9-Day RSI

For the Building Materials subindustry, James Hardie Industries'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.


James Hardie Industries's 9-Day RSI Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, James Hardie Industries's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where James Hardie Industries's 9-Day RSI falls into.



James Hardie Industries  (NYSE:JHX) 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.


James Hardie Industries  (NYSE:JHX) 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.


James Hardie Industries 9-Day RSI Related Terms

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


James Hardie Industries Business Description

Traded in Other Exchanges
Address
Upper Hatch Street, 1st Floor, Block A, One Park Place, Dublin, IRL, D02 FD79
James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for exterior siding on houses. Businesses in Australia, New Zealand, and Europe, make up the rest of earnings.