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OUTFF (Outokumpu Oyj) 9-Day RSI : N/A (As of Dec. 14, 2024)


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What is Outokumpu Oyj 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 (2024-12-14), Outokumpu Oyj's 9-Day RSI is N/A.

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

OUTFF's 9-Day RSI is not ranked *
in the Steel industry.
Industry Median: 51.015
* Ranked among companies with meaningful 9-Day RSI only.

Competitive Comparison of Outokumpu Oyj's 9-Day RSI

For the Steel subindustry, Outokumpu Oyj'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.


Outokumpu Oyj's 9-Day RSI Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Outokumpu Oyj's 9-Day RSI distribution charts can be found below:

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



Outokumpu Oyj  (OTCPK:OUTFF) 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.


Outokumpu Oyj  (OTCPK:OUTFF) 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.


Outokumpu Oyj 9-Day RSI Related Terms

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Outokumpu Oyj Business Description

Address
Salmisaarenranta 11, Helsinki, FIN, FI-00180
Outokumpu Oyj is a steel and alloys maker. Its business is divided into four business areas which are Europe, Americas and Ferrochrome and Other operations. Europe derives the key revenue, consists of both coil and plate operations in Europe. The high-volume and tailored standard stainless-steel grades are used for example in architecture, building and construction, transportation, catering and appliances, chemical, petrochemical and energy sectors, as well as other process industries. Americas produces standard austenitic and ferritic grades as well as tailored products. Other operations consist of activities outside the three operating segments, as well as industrial holdings, non-core businesses and strategic group level investments and Ferrochrome produces charge grade of ferrochrome.

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