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PyroGenesis Canada RSI

What is the RSI of PyroGenesis Canada?

The RSI of PyroGenesis Canada, Inc. is 99.89

What is the definition of RSI?

The relative strength index (RSI 14) is a momentum indicator that compares the magnitude of gains and losses over a specified time period to measure speed and change of price movements of a security.

14-day period

It is used to identify overbought or oversold conditions in the trading of an asset. It oscillates between 0 and 100 and a stock is considered overbought when the RSI is above 70 and oversold when below 30. The relative strength index (RSI) is typically used on a 14-day timeframe and is calculated according to the formula 100 - [ 100 / (1 + RS)] where RS is the ratio of average gain to average loss. In the calculation of average gain and loss for a certain period, taking the prior value plus the current value is a smoothing technique similar to that used in calculating an exponential moving average. This also means that RSI values become more accurate as the calculation period extends.

Sudden large price movements can create false buy or sell signals in the RSI. The RSI is often used in conjunction with trend lines, as trend line support or resistance often coincides with support or resistance levels in the RSI reading. Watching for divergence between price and the RSI indicator is another means of refining its application. Divergence occurs when a security makes a new high or low in price but the RSI does not make a corresponding new high or low value. Bearish divergence, when price makes a new high but the RSI does not is taken as a sell signal. Bullish divergence that is interpreted as a buy signal occurs when price makes a new low, but the RSI value does not.

RSI of companies in the Industrials sector on OTC compared to PyroGenesis Canada

What does PyroGenesis Canada do?

PyroGenesis Canada Inc. designs, develops, manufactures, and commercializes advanced plasma processes and systems in Canada and internationally. It offers DROSRITE, a sustainable process for enhancing metal recovery from dross targeting primarily metallurgical industry; plasma atomized metal powders; PUREVAP, a process to produce high purity metallurgical grade silicon and solar grade silicon from quartz; plasma fired steam generator, which directly generates steam suitable for steam-assisted gravity drainage (SAGD) for the oil and gas industry; and custom reactors and furnaces for use in advanced materials, metallurgical, environmental, and chemical fields. The company also provides plasma torches, including APT for waste treatment, gas heating, research and development, and advanced materials production applications; Minigun, which offers a solution for thermal treatment of metals, nanotechnology, and material fabrication; reverse polarity torches for use in the production of high purity materials and nanomaterials, research and development, waste treatment, and thermal spray coatings; and SPT plasma torches for use in the destruction of refrigerants and other substances. In addition, it offers plasma arc gasification and vitrification system; plasma arc waste destruction system for land; plasma arc waste destruction system; PRRS, a plasma waste-to-energy solution; SPARC, a process for the destruction of ozone depleting substances and other environmentally noxious chemicals; and tactical PACWADS system that destroys chemical warfare agents. The company serves defense, metallurgical, mining, advanced materials, oil and gas, and environmental industries. PyroGenesis Canada Inc. is based in Montréal, Canada.

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