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Tai Cheung Holdings (HKSE:00088) 5-Day RSI : 22.21 (As of May. 30, 2024)


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What is Tai Cheung Holdings 5-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. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-05-30), Tai Cheung Holdings's 5-Day RSI is 22.21.

The industry rank for Tai Cheung Holdings's 5-Day RSI or its related term are showing as below:

HKSE:00088's 5-Day RSI is ranked better than
83.58% of 1924 companies
in the Real Estate industry
Industry Median: 41.075 vs HKSE:00088: 22.21

Competitive Comparison of Tai Cheung Holdings's 5-Day RSI

For the Real Estate - Development subindustry, Tai Cheung Holdings's 5-Day RSI, along with its competitors' market caps and 5-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.


Tai Cheung Holdings's 5-Day RSI Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tai Cheung Holdings's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Tai Cheung Holdings's 5-Day RSI falls into.



Tai Cheung Holdings  (HKSE:00088) 5-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.


Tai Cheung Holdings  (HKSE:00088) 5-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. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


Tai Cheung Holdings 5-Day RSI Related Terms

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Tai Cheung Holdings (HKSE:00088) Business Description

Traded in Other Exchanges
N/A
Address
3A Chater Road, Central, 20th Floor, The Hong Kong Club Building, Hong Kong, HKG
Tai Cheung Holdings Ltd is a Hong Kong-based company engaged in property investment and development, investment holding, and property management. The company's property portfolio includes office towers as well as industrial and residential buildings. In addition, the group has a hotel operation arm through its interest in Sheraton Hong Kong Hotel & Towers, a 5-star hotel located in Tsim Sha Tsui, Kowloon. The company divides its business activities into property development and leasing, property management, hotel operation, and investment holding. Tai Cheung generates the majority of its income from property sales.
Executives
Chan Pun, David 2101 Beneficial owner

Tai Cheung Holdings (HKSE:00088) Headlines

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