Hartshead Resources NL (Hartshead Resources NL) 14-Day RSI : 26.46 (As of May. 18, 2024)

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What is Hartshead Resources NL 14-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.

As of today (2024-05-18), Hartshead Resources NL's 14-Day RSI is 26.46.

The industry rank for Hartshead Resources NL's 14-Day RSI or its related term are showing as below:

PGNYF's 14-Day RSI is ranked better than
61.31% of 1127 companies
in the Oil & Gas industry
Industry Median: 50.68 vs PGNYF: 26.46

Competitive Comparison of Hartshead Resources NL's 14-Day RSI

For the Oil & Gas E&P subindustry, Hartshead Resources NL'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.

Hartshead Resources NL's 14-Day RSI Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hartshead Resources NL's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Hartshead Resources NL's 14-Day RSI falls into.

Hartshead Resources NL (OTCPK:PGNYF) 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.

Hartshead Resources NL (OTCPK:PGNYF) 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.

Hartshead Resources NL 14-Day RSI Related Terms

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Hartshead Resources NL (Hartshead Resources NL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hartshead Resources NL (OTCPK:PGNYF) » Definitions » 14-Day RSI

Comparable Companies

Traded in Other Exchanges

HHR:Australia

Address

333C Charles Street, North Perth, Perth, WA, AUS, 6006

Website

https://www.hartshead-resources.com.au

Hartshead Resources NL is building a financially, technically, and environmentally responsible European Energy business. It is the owner and operator of License P2607 on the United Kingdom Continental Shelf, in the Southern Gas Basin. The License contains multiple gas fields, some of which have been only partially developed. The company also has operations in Poland, Gabon, and Madagascar. The Group has three reportable segments. The first is an interest in developing and exploring gas fields in the UK North Sea in Seaward Production License P2607. The second is an interest in exploring for oil in acreage known as, the Nkembe block, located offshore Gabon. The third interest is at the Ambilobe block, located offshore Madagascar.