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Hubei Xiangyuan New Material Technology Co (SZSE:300980) 14-Day RSI : 65.26 (As of Dec. 11, 2024)


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What is Hubei Xiangyuan New Material Technology Co 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 (2024-12-11), Hubei Xiangyuan New Material Technology Co's 14-Day RSI is 65.26.

The industry rank for Hubei Xiangyuan New Material Technology Co's 14-Day RSI or its related term are showing as below:

SZSE:300980's 14-Day RSI is ranked worse than
90.99% of 1609 companies
in the Chemicals industry
Industry Median: 51.52 vs SZSE:300980: 65.26

Competitive Comparison of Hubei Xiangyuan New Material Technology Co's 14-Day RSI

For the Specialty Chemicals subindustry, Hubei Xiangyuan New Material Technology Co'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.


Hubei Xiangyuan New Material Technology Co's 14-Day RSI Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hubei Xiangyuan New Material Technology Co's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Hubei Xiangyuan New Material Technology Co's 14-Day RSI falls into.



Hubei Xiangyuan New Material Technology Co  (SZSE:300980) 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.


Hubei Xiangyuan New Material Technology Co  (SZSE:300980) 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.


Hubei Xiangyuan New Material Technology Co 14-Day RSI Related Terms

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Hubei Xiangyuan New Material Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Huayi Village, Economic Development Zone, Hubei Province, Hanchuan, CHN, 431600
Hubei Xiangyuan New Material Technology Co Ltd is engaged in the research and development, production and sales of polyolefin foam materials. It specializes in the production and sales of environmentally friendly cross-linked polyolefin foam and Polyurethane foam, the products sell well all over China and exported to five continents in the world.

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