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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.
New Wave Group AB (CHIX:NEWABs) 14-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.
New Wave Group AB 14-Day RSI Related Terms
CHIX:NEWABS vs CASY, WSM, ULTA: 14-Day RSI Comparison
For the Specialty Retail subindustry, New Wave Group AB's 14-Day RSI, along with its competitors' market caps and 14-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.
New Wave Group AB 14-Day RSI vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, New Wave Group AB's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where New Wave Group AB's 14-Day RSI falls into.
New Wave Group AB (CHIX:NEWABs) 14-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.
New Wave Group AB (CHIX:NEWABS) has a 14-Day RSI of 27.58 as of Aug. 10, 2026. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. View historical data on New Wave Group AB and its competitors. According to the industry distribution chart, New Wave Group AB ranks #573 out of 1146 companies in the Retail - Cyclical industry, placing it in the top 50%.
Is New Wave Group AB's 14-Day RSI too high?
New Wave Group AB's current 14-Day RSI is 27.58. The Retail - Cyclical industry median 14-Day RSI is 51.23. New Wave Group AB's value of 27.58 is 46.2% below this industry median. Based on the distribution chart, New Wave Group AB ranks #573 out of 1146 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, New Wave Group AB has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does New Wave Group AB's 14-Day RSI compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, New Wave Group AB ranks #573 out of 1146 companies for 14-Day RSI. This puts New Wave Group AB in the upper half of its industry. The industry median 14-Day RSI is 51.23. New Wave Group AB's value of 27.58 is 46.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 14-Day RSI for a Retail - Cyclical company?
The median 14-Day RSI among Retail - Cyclical companies is 51.23, based on 1,146 companies in the industry. Companies in the top quartile (top 25%) have a 14-Day RSI significantly above this median, while those in the bottom quartile fall well below. However, 14-Day RSI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Wave Group AB's current 14-Day RSI of 27.58 is 46.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 14-Day RSI mean?
A high 14-Day RSI can signal that a stock is expensive relative to its fundamentals. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. View historical data on New Wave Group AB and its competitors. For the Retail - Cyclical industry, the median 14-Day RSI is 51.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Wave Group AB's current 14-Day RSI is 27.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Wave Group AB stock overvalued right now?
Based on GuruFocus' analysis, New Wave Group AB (CHIX:NEWABS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr109.60, compared to a current price of kr94.88 — trading 13.4% below its estimated fair value. The current 14-Day RSI is 27.58 and 46.2% below the Retail - Cyclical industry median of 51.23. New Wave Group AB's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 14-Day RSI calculated?
14-Day RSI is calculated from a company's financial statements. For New Wave Group AB (CHIX:NEWABS), the current 14-Day RSI is 27.58 as of Aug. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is New Wave Group AB (CHIX:NEWABS) Overvalued in 2026?
Based on GuruFocus' analysis, New Wave Group AB stock appears to be undervalued.
The current stock price of kr94.88 is trading 13.4% below its estimated GF Value™ of kr109.60.
GuruFocus considers New Wave Group AB to be Modestly Undervalued.
Key valuation signals for CHIX:NEWABS:
14-Day RSI: 27.58
GF Value™: kr109.60 vs. price of kr94.88 (13.4% below fair value)
Industry Position: 46.2% below the Retail - Cyclical median (#573 of 1146)
No single metric tells the full story. See the CHIX:NEWABS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Wave Group AB is a Sweden-based company that designs, acquires, and develops brands and products in the corporate promo, gifts, and home furnishings sectors. The group achieves synergies by coordinating the design, purchasing, marketing, warehousing, and distribution of its product range. To ensure good diversification, the Group markets its products in the corporate promo market and the retail market. The group divides its operations into three operating segments: Corporate, Sports and Leisure, and Gifts and Home Furnishings. It derives maximum revenue from the Corporate segment. The firm generates the majority of its revenue from Promo sales channel.
84GF Score
Get the complete analysis for CHIX:NEWABS
14-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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