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Shenzhen Zowee Tech Co (SZSE:002369) 5-Day RSI : 39.82 (As of May. 25, 2024)


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What is Shenzhen Zowee Tech Co 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 (2024-05-25), Shenzhen Zowee Tech Co's 5-Day RSI is 39.82.

The industry rank for Shenzhen Zowee Tech Co's 5-Day RSI or its related term are showing as below:

SZSE:002369's 5-Day RSI is ranked better than
59.82% of 2516 companies
in the Hardware industry
Industry Median: 45.505 vs SZSE:002369: 39.82

Competitive Comparison of Shenzhen Zowee Tech Co's 5-Day RSI

For the Communication Equipment subindustry, Shenzhen Zowee Tech Co'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.


Shenzhen Zowee Tech Co's 5-Day RSI Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Zowee Tech Co's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Shenzhen Zowee Tech Co's 5-Day RSI falls into.



Shenzhen Zowee Tech Co  (SZSE:002369) 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.


Shenzhen Zowee Tech Co  (SZSE:002369) 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.


Shenzhen Zowee Tech Co 5-Day RSI Related Terms

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Shenzhen Zowee Tech Co (SZSE:002369) Business Description

Traded in Other Exchanges
N/A
Address
No.5 Zowee Technology Building, Science and Technology Industrial Park, Pingshan, Xili, Nanshan district, Shenzhen, CHN, 518055
Shenzhen Zowee Tech Co Ltd is engaged in the research, development, manufacture, and sale of networking and communication products, consumer digital products, and handset products in the People's Republic of China and internationally. Its product portfolio includes repeaters, routers, Bluetooth modules, Wifi modules, display solution, doorbell cameras, tablets, mobiles, laptops, and other products. The products offered by the company have applications in the fields of a mobile terminal, network communication, intelligent home, wearable, automation and consumer product.
Executives
Bai Hou Shan Director
Yuan You Jun Independent director
Wei Dai Ying Directors, Directors, and Executives
Chen Xin Min Directors, executives
Dong Hai Jun Director
Chen Wei Executives
Hu Ai Wu Supervisors
Xia Chuan Wu Directors, executives
Cheng Li Directors, executives

Shenzhen Zowee Tech Co (SZSE:002369) Headlines

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