Inspirit Energy Holdings (LSE:INSP) 9-Day RSI : 83.83 (As of May. 26, 2024)

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What is Inspirit Energy Holdings 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 (2024-05-26), Inspirit Energy Holdings's 9-Day RSI is 83.83.

The industry rank for Inspirit Energy Holdings's 9-Day RSI or its related term are showing as below:

LSE:INSP's 9-Day RSI is ranked worse than
98.03% of 3104 companies
in the Industrial Products industry
Industry Median: 46.975 vs LSE:INSP: 83.83

Competitive Comparison of Inspirit Energy Holdings's 9-Day RSI

For the Specialty Industrial Machinery subindustry, Inspirit Energy Holdings'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.

Inspirit Energy Holdings's 9-Day RSI Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Inspirit Energy Holdings's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Inspirit Energy Holdings's 9-Day RSI falls into.

Inspirit Energy Holdings (LSE:INSP) 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.

Inspirit Energy Holdings (LSE:INSP) 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.

Inspirit Energy Holdings 9-Day RSI Related Terms

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Inspirit Energy Holdings (LSE:INSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inspirit Energy Holdings PLC (LSE:INSP) » Definitions » 9-Day RSI

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o GIS, 200 Aldersgate Street, London, GBR, EC1A 4HD

Website

https://www.inspirit-energy.com

Inspirit Energy Holdings PLC is a UK-based company engaged in developing and commercializing the micro combined heat and power (mCHP) boiler for commercial applications. The mCHP boiler is powered by natural gas and designed to produce hot water (for Domestic Hot Water or Central Heating) and a simultaneous electrical output that can be used locally or fed back into the National Grid. The appliance's patented engine takes the waste heat from the boiler and converts it efficiently into electricity, first supplying the property where it is installed and then feeding surplus electricity into the National Grid. Geographically all the business activity has functioned through the UK.