The Lovesac Co (The Lovesac Co) 9-Day RSI : 52.34 (As of Apr. 27, 2024)

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What is The Lovesac Co 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 (2024-04-27), The Lovesac Co's 9-Day RSI is 52.34.

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

LOVE's 9-Day RSI is ranked worse than
61.69% of 449 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 48.62 vs LOVE: 52.34

Competitive Comparison of The Lovesac Co's 9-Day RSI

For the Furnishings, Fixtures & Appliances subindustry, The Lovesac Co'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.

The Lovesac Co's 9-Day RSI Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, The Lovesac Co's 9-Day RSI distribution charts can be found below:

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

The Lovesac Co (NAS:LOVE) 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.

The Lovesac Co (NAS:LOVE) 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.

The Lovesac Co 9-Day RSI Related Terms

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The Lovesac Co (The Lovesac Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » The Lovesac Co (NAS:LOVE) » Definitions » 9-Day RSI

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two Landmark Square, Suite 300, Stamford, CT, USA, 06901

Website

https://www.lovesac.com

The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables and ottoman. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. Majority of the firm's revenue gets derives from the sale of Sactionals.

Executives

Andrew R Heyer	director, 10 percent owner	501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Shawn David Nelson	director, officer: Chief Executive Officer	2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Satori Capital, Llc	10 percent owner	2501 N. HARWOOD ST., 20TH FLOOR, DALLAS TX 75201
Keith R. Siegner	officer: EVP and CFO	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Vineet Mehra	director	330 HUDSON STREET, 13TH FLOOR, NEW YORK NY 10013
Sharon M Leite	director	100 PIER 1 PLACE, FT. WORTH TX 76102
Shirley Romig	director	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Albert Jack Krause	director, officer: President and COO	2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Walter Field Mclallen	director	1225 17TH AVE SOUTH, NASHVILLE TN 37212
Mary Fox	director	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Mistral Equity Partners, Lp	10 percent owner	650 FIFTH AVENUE, 31ST FLOOR, New York NY 10019
Mistral Sac Holdings, Llc	10 percent owner	650 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10019
Jared Rubin	director	4300 E. FIFTH AVE., COLUMBUS OH 43219
Sac Acquisition Llc	10 percent owner	700 CANAL STREET, 4TH FLOOR, STAMFORD CT 06902
Donna Dellomo	officer: Executive VP and CFO	35 SAWGRASS DRIVE, SUITE 2, BELLPORT NY 11713