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.
OSTO:PROSO's 9-Day RSI is not ranked *
in the Oil & Gas industry.
Industry Median: 50.905 * Ranked among companies with meaningful 9-Day RSI only.
Competitive Comparison of Prospector Offshore Drilling's 9-Day RSI
For the Oil & Gas Drilling subindustry, Prospector Offshore Drilling'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.
Prospector Offshore Drilling's 9-Day RSI Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Prospector Offshore Drilling's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Prospector Offshore Drilling's 9-Day RSI falls into.
* 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 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.
Prospector Offshore Drilling 9-Day RSI Related Terms
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Prospector Offshore Drilling SA is a Luxembourg public limited liability company incorporated on 28 May, 2010. The Company is a development stage company formed for the purpose of constructing, owning and operating a fleet of modern high-specification jack-up rigs to service customers in the exploration and production sector. As of 31 December 2013, the Company owns one high-specification jack-up rig under customer contract and has four high-specification jack-up rigs under construction at Shanghai Waigaoqiao Shipbuilding Co., Ltd., one of which is under customer contract. Additionally, the Company holds one option contract with SWS to build an additional high-specification jack up rigs of identical specifications. In March 2013, the Company exercised two of its option contracts and entered into turnkey construction contracts for the construction of PROSPECTOR 7 and PROSPECTOR 8 with Shanghai Waigaoqiao Shipbuilding Co., Ltd. Shipyard ("SWS"). The offshore contract drilling service industry is highly competitive with numerous industry participants, ranging from large international companies to smaller, locally owned companies and rigs owned by national oil companies. The Company is subject to corporate governance regulations under Luxembourg Company Law and the Norwegian Code of Practice for Corporate Governance issued by the Norwegian Corporate Governance Board.
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