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.
The industry rank for Granite Falls Energy LLC's 14-Day RSI or its related term are showing as below:
GFGY's 14-Day RSI is not ranked
in the Oil & Gas industry.
Industry Median: 46.49
vs GFGY: 0.02
Competitive Comparison of Granite Falls Energy LLC's 14-Day RSI
For the Oil & Gas Refining & Marketing subindustry, Granite Falls Energy LLC's 14-Day RSI, along with its competitors' market caps and 14-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.
Granite Falls Energy LLC's 14-Day RSI Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Granite Falls Energy LLC's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where Granite Falls Energy LLC's 14-Day RSI falls into.
Granite Falls Energy LLC (OTCPK:GFGY) 14-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.
Granite Falls Energy LLC (OTCPK:GFGY) 14-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.
Granite Falls Energy LLC 14-Day RSI Related Terms
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Granite Falls Energy LLC (Granite Falls Energy LLC) Business Description
Granite Falls Energy LLC is engaged in the production and sale of ethanol and its co-products, including wet, modified wet and dried distillers' grains, corn oil and corn syrup. The company's principal products include Ethanol, Distillers Grains, and Corn Oil. Its production operations are carried out at a plant located in Granite Falls, Minnesota and Heron Lake Bioenergy ethanol plant near Heron Lake, Minnesota. It also operates a natural gas pipeline. Geographically business activity of the group is functioned primarily through the United States and generates income from the sale of Ethanol products.
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