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China Nonferrous Mining (HKSE:01258) 14-Day RSI : 49.40 (As of Dec. 15, 2024)


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What is China Nonferrous Mining 14-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.

As of today (2024-12-15), China Nonferrous Mining's 14-Day RSI is 49.40.

The industry rank for China Nonferrous Mining's 14-Day RSI or its related term are showing as below:

HKSE:01258's 14-Day RSI is ranked worse than
64.17% of 2713 companies
in the Metals & Mining industry
Industry Median: 46.13 vs HKSE:01258: 49.40

Competitive Comparison of China Nonferrous Mining's 14-Day RSI

For the Copper subindustry, China Nonferrous Mining'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.


China Nonferrous Mining's 14-Day RSI Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Nonferrous Mining's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where China Nonferrous Mining's 14-Day RSI falls into.



China Nonferrous Mining  (HKSE:01258) 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.


China Nonferrous Mining  (HKSE:01258) 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.


China Nonferrous Mining 14-Day RSI Related Terms

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China Nonferrous Mining Business Description

Traded in Other Exchanges
Address
32 Enos Chomba Road, Kitwe, ZMB
China Nonferrous Mining Corp Ltd is a Company with its subsidiaries are principally engaged in exploration, mining, ore processing, leaching, smelting of copper and cobalt, and sale of copper cathodes, blister copper and copper anodes, copper-cobalt alloy, cobaltous hydroxide and sulfuric acid. Its operating segments are Leaching and Smelting. The majority of the company's revenue is derived from the Smelting segment. The smelting segment includes the production and sale of blister and copper anodes. Geographically, it derives a majority of revenue from Mainland China.
Executives
Zhong Guo You Se Kuang Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo You Se Jin Shu Jian She Gu Fen You Xian Gong Si 2101 Beneficial owner

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