GURUFOCUS.COM » STOCK LIST » Technology » Software » Soliton Systems KK (TSE:3040) » Definitions » 9-Day RSI

Soliton Systems KK (TSE:3040) 9-Day RSI : 20.74 (As of May. 24, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Soliton Systems KK 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 (2024-05-24), Soliton Systems KK's 9-Day RSI is 20.74.

The industry rank for Soliton Systems KK's 9-Day RSI or its related term are showing as below:

TSE:3040's 9-Day RSI is ranked better than
94.97% of 2922 companies
in the Software industry
Industry Median: 46.885 vs TSE:3040: 20.74

Competitive Comparison of Soliton Systems KK's 9-Day RSI

For the Software - Infrastructure subindustry, Soliton Systems KK'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.


Soliton Systems KK's 9-Day RSI Distribution in the Software Industry

For the Software industry and Technology sector, Soliton Systems KK's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Soliton Systems KK's 9-Day RSI falls into.



Soliton Systems KK  (TSE:3040) 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.


Soliton Systems KK  (TSE:3040) 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.


Soliton Systems KK 9-Day RSI Related Terms

Thank you for viewing the detailed overview of Soliton Systems KK's 9-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Soliton Systems KK (TSE:3040) Business Description

Traded in Other Exchanges
N/A
Address
2-4-3 Shinjuku, Shinjuku-ku, Tokyo, JPN
Soliton Systems K.K is engaged in IT security business, Video communication business, and Eco-device business. The IT security business involves the development and sale of products such as information leakage countermeasure, login authentication by electronic certificate, big data recording, cybersecurity measures, enterprise cloud service, and enterprise network integration. The Video communication business involves development and sales of "Smart-telecaster", a high-quality real-time image transmission system using mobile lines and Eco-device business engages in the development and sales of analog / digital mixed semiconductor devices and embedded systems.

Soliton Systems KK (TSE:3040) Headlines

No Headlines