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Brimstone Investment (JSE:BRN) 9-Day RSI : 45.99 (As of Dec. 15, 2024)


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What is Brimstone Investment 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), Brimstone Investment's 9-Day RSI is 45.99.

The industry rank for Brimstone Investment's 9-Day RSI or its related term are showing as below:

JSE:BRN's 9-Day RSI is ranked better than
63.17% of 2088 companies
in the Consumer Packaged Goods industry
Industry Median: 51.04 vs JSE:BRN: 45.99

Competitive Comparison of Brimstone Investment's 9-Day RSI

For the Packaged Foods subindustry, Brimstone Investment'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.


Brimstone Investment's 9-Day RSI Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Brimstone Investment's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Brimstone Investment's 9-Day RSI falls into.



Brimstone Investment  (JSE:BRN) 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.


Brimstone Investment  (JSE:BRN) 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.


Brimstone Investment 9-Day RSI Related Terms

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Brimstone Investment Business Description

Traded in Other Exchanges
Address
1 Mariendahl Lane, Boundary Terraces, 1st Floor, Slade House, Newlands, GT, ZAF, 7700
Brimstone Investment Corp Ltd is an investment holding company. The company invests in various sectors, including food, financial services, healthcare, property, among others. The company is also engaged in deep-sea trawling of the groundfish species called Hake, processing of the catch into frozen and chilled seafood and the marketing of these products. The primary business segments of the Group are Food and Investments. The company generates maximum revenue from the Food segment.