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Superior Drilling Products (Superior Drilling Products) 9-Day RSI : 81.80 (As of Apr. 24, 2024)


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Superior Drilling Products 9-Day RSI Definition

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 (2024-04-24), Superior Drilling Products's 9-Day RSI is 81.80.

The industry rank for Superior Drilling Products's 9-Day RSI or its related term are showing as below:

SDPI's 9-Day RSI is ranked worse than
96.88% of 1121 companies
in the Oil & Gas industry
Industry Median: 49.58 vs SDPI: 81.80

Competitive Comparison of Superior Drilling Products's 9-Day RSI

For the Oil & Gas Equipment & Services subindustry, Superior Drilling Products'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.


Superior Drilling Products 9-Day RSI Distribution

For the Oil & Gas industry and Energy sector, Superior Drilling Products's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Superior Drilling Products's 9-Day RSI falls into.



Superior Drilling Products  (AMEX:SDPI) 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.


Superior Drilling Products  (AMEX:SDPI) 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.


Superior Drilling Products 9-Day RSI Related Terms

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Superior Drilling Products (Superior Drilling Products) Business Description

Traded in Other Exchanges
Address
1583 South 1700 East, Vernal, UT, USA, 84078
Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.
Executives
Star Equity Fund, Lp 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Fund Gp, Llc 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Investment Management Llc 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Value, Llc 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Holdings, Inc. 10 percent owner 53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Christopher Cashion officer: Chief Financial Officer 1583 S. 1700 E., VERNAL UT 84078
Robert Iverson director 4928 FM 1374 ROAD, HUNTSVILLE TX 77340
Annette Meier director, 10 percent owner, officer: See Remarks 1583 S. 1700 E., VERNAL UT 84078
G. Troy Meier director, 10 percent owner, officer: See Remarks 1583 S. 1700 E., VERNAL UT 84078
Lone Star Value Management Llc 10 percent owner 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
James R Lines director 11 HILLSIDE PARKWY, LANCSTER NY 14068
Jeffrey E. Eberwein 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Lone Star Value Co-invest I, Lp other: See Footnote 1 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Gp Llc 10 percent owner 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Lp 10 percent owner 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870