China Yurun Food Group (HKSE:01068) 9-Day RSI : 49.54 (As of May. 02, 2024)

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What is China Yurun Food Group 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 (2024-05-02), China Yurun Food Group's 9-Day RSI is 49.54.

The industry rank for China Yurun Food Group's 9-Day RSI or its related term are showing as below:

HKSE:01068's 9-Day RSI is ranked better than
57.3% of 2056 companies
in the Consumer Packaged Goods industry
Industry Median: 52.165 vs HKSE:01068: 49.54

Competitive Comparison of China Yurun Food Group's 9-Day RSI

For the Packaged Foods subindustry, China Yurun Food Group'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.

China Yurun Food Group's 9-Day RSI Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Yurun Food Group's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where China Yurun Food Group's 9-Day RSI falls into.

China Yurun Food Group (HKSE:01068) 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.

China Yurun Food Group (HKSE:01068) 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.

China Yurun Food Group 9-Day RSI Related Terms

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China Yurun Food Group (HKSE:01068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Yurun Food Group Ltd (HKSE:01068) » Definitions » 9-Day RSI

Comparable Companies

Traded in Other Exchanges

C7Y:Germany

Address

10 Yurun Road, Jianye District, Nanjing, CHN, 210041

Website

http://www.yurun.com.hk

China Yurun Food Group Ltd is mainly engaged in the provision of a wide range of meat and processed meat including chilled and frozen meat, low-temperature meat products and high-temperature meat products, and others. The company operates through two business segments namely Chilled and frozen meat and Processed meat products. The Chilled and frozen meat is involved in the business of slaughtering, production, and sales of chilled and frozen meat whereas the Processed meat products segment manufactures and distributes processed meat products. The company markets its products under the brand name of Yurun, Furun, Wangrun, and Popular Meat Packing. China Yurun generates all the revenue from the sale of meat products in the People's Republic of China.

China Yurun Food Group (HKSE:01068) Headlines

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