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Orbit Exports (BOM:512626) 5-Day RSI : 60.64 (As of May. 04, 2024)


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What is Orbit Exports 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 (2024-05-04), Orbit Exports's 5-Day RSI is 60.64.

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

BOM:512626's 5-Day RSI is ranked worse than
61.56% of 1189 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.94 vs BOM:512626: 60.64

Competitive Comparison of Orbit Exports's 5-Day RSI

For the Textile Manufacturing subindustry, Orbit Exports'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.


Orbit Exports's 5-Day RSI Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Orbit Exports's 5-Day RSI distribution charts can be found below:

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



Orbit Exports  (BOM:512626) 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.


Orbit Exports  (BOM:512626) 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.


Orbit Exports 5-Day RSI Related Terms

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Orbit Exports (BOM:512626) Business Description

Traded in Other Exchanges
Address
Dinshaw Wachha Road, 122, 2nd Floor, Mistry Bhavan, Near K C College, Churchgate, Mumbai, MH, IND, 400 020
Orbit Exports Ltd is the manufacturer and exporter of fabrics. The company operates through two segments which include Manufacturing of textiles and Windmill Power Generation. Its products include Silky aspects, Fashion jacquards, and Christmas crafts. The Silky aspects products consist of Jacquard, Dupion, Silky charmeuse, and Taffeta. Its Fashion jacquard products include Sylvia and Monza jacquard, Olivia jacquard, New sherwani jacquard, Monochrome jacquard, Mercury jacquard, Impression jacquard, Glossy jacquard, Florence jacquard, Feather jacquard, and Bamboo. The company sells its products in India and also exports them to various other countries. It drives the majority of revenue from the sale of products and services.

Orbit Exports (BOM:512626) Headlines

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