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Entyr (ASX:ETR) 5-Day RSI : 18.81 (As of May. 12, 2024)


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What is Entyr 5-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. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-05-12), Entyr's 5-Day RSI is 18.81.

The industry rank for Entyr's 5-Day RSI or its related term are showing as below:

ASX:ETR's 5-Day RSI is ranked better than
95.85% of 265 companies
in the Waste Management industry
Industry Median: 54.28 vs ASX:ETR: 18.81

Competitive Comparison of Entyr's 5-Day RSI

For the Waste Management subindustry, Entyr's 5-Day RSI, along with its competitors' market caps and 5-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.


Entyr's 5-Day RSI Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Entyr's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Entyr's 5-Day RSI falls into.



Entyr  (ASX:ETR) 5-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.


Entyr  (ASX:ETR) 5-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. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


Entyr 5-Day RSI Related Terms

Thank you for viewing the detailed overview of Entyr's 5-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Entyr (ASX:ETR) Business Description

Traded in Other Exchanges
N/A
Address
63 Burnside Road, Unit 19, Stapylton, Gold Coast, QLD, AUS, 4207
Entyr Ltd operates as a waste management company. The company applies thermal desorption technology to cleanly convert tyres into valuable secondary products. The product offering includes high-grade fuel oil, fine powder substance, energy, and clean rubber-free products which can be sold to recyclers worldwide and reused in the manufacturing and steel industries. Its operating segment includes Tyre processing and Manufacturing. The company generates maximum revenue from the Tyre processing segment.

Entyr (ASX:ETR) Headlines

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