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SAMHF (Alleima AB) 9-Day RSI : 0.41 (As of Dec. 16, 2024)


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What is Alleima AB 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 (2024-12-16), Alleima AB's 9-Day RSI is 0.41.

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

SAMHF's 9-Day RSI is ranked worse than
78.2% of 665 companies
in the Steel industry
Industry Median: 48.67 vs SAMHF: 0.41

Competitive Comparison of Alleima AB's 9-Day RSI

For the Steel subindustry, Alleima AB'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.


Alleima AB's 9-Day RSI Distribution in the Steel Industry

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

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



Alleima AB  (OTCPK:SAMHF) 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.


Alleima AB  (OTCPK:SAMHF) 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.


Alleima AB 9-Day RSI Related Terms

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Alleima AB Business Description

Traded in Other Exchanges
Address
Storgatan 2, Sandviken, SWE, SE-811 81
Alleima AB is a developer, manufacturer, and supplier of high-value-added products in advanced stainless steels and special alloys as well as products for industrial heating. The company's offering includes products like seamless steel tubes for the energy, chemical, and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes. The firm has three divisions Tube, which derives the maximum revenue, Kanthal and Strip as the reportable segments.