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Fujian Foxit Software Development Joint Stock Co (SHSE:688095) 9-Day RSI : 45.15 (As of May. 21, 2024)


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What is Fujian Foxit Software Development Joint Stock Co 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 (2024-05-21), Fujian Foxit Software Development Joint Stock Co's 9-Day RSI is 45.15.

The industry rank for Fujian Foxit Software Development Joint Stock Co's 9-Day RSI or its related term are showing as below:

SHSE:688095's 9-Day RSI is ranked better than
65.58% of 2926 companies
in the Software industry
Industry Median: 50.53 vs SHSE:688095: 45.15

Competitive Comparison of Fujian Foxit Software Development Joint Stock Co's 9-Day RSI

For the Software - Application subindustry, Fujian Foxit Software Development Joint Stock Co'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.


Fujian Foxit Software Development Joint Stock Co's 9-Day RSI Distribution in the Software Industry

For the Software industry and Technology sector, Fujian Foxit Software Development Joint Stock Co's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Fujian Foxit Software Development Joint Stock Co's 9-Day RSI falls into.



Fujian Foxit Software Development Joint Stock Co  (SHSE:688095) 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.


Fujian Foxit Software Development Joint Stock Co  (SHSE:688095) 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.


Fujian Foxit Software Development Joint Stock Co 9-Day RSI Related Terms

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Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Business Description

Traded in Other Exchanges
N/A
Address
No. 89 Software Avenue, Building 5, Area G, Fuzhou Software Park, Gulou District, Fujian Province, Fuzhou, CHN, 350003
Fujian Foxit Software Development Joint Stock Co Ltd is an internationally operated PDF electronic document solution provider. The company develops and markets PDF products and services to help knowledge workers increase productivity and do more when processing documents. Its products include Foxit Reader, Foxit MobilePDF, Foxit Advanced PDF Editor, Foxit PDF IFilter; and its Development platform and tools include Foxit PDF SDK, Foxit PDF SDK ActiveX, Foxit PDF SDK for Web, and Foxit PDF Toolkit.

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