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Hans Energy Co (HKSE:00554) 5-Day RSI : 60.36 (As of Dec. 13, 2024)


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What is Hans Energy Co 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 (2024-12-13), Hans Energy Co's 5-Day RSI is 60.36.

The industry rank for Hans Energy Co's 5-Day RSI or its related term are showing as below:

HKSE:00554's 5-Day RSI is ranked worse than
92.28% of 1088 companies
in the Oil & Gas industry
Industry Median: 45.895 vs HKSE:00554: 60.36

Competitive Comparison of Hans Energy Co's 5-Day RSI

For the Oil & Gas Equipment & Services subindustry, Hans Energy Co'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.


Hans Energy Co's 5-Day RSI Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hans Energy Co's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Hans Energy Co's 5-Day RSI falls into.



Hans Energy Co  (HKSE:00554) 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.


Hans Energy Co  (HKSE:00554) 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.


Hans Energy Co 5-Day RSI Related Terms

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Hans Energy Co Business Description

Traded in Other Exchanges
N/A
Address
25 Harbour Road, Unit 2608, 26th Floor, Harbour Centre, Wanchai, Hong Kong, HKG
Hans Energy Co Ltd is an operator in the provision of terminal and storage facilities and services for liquid petrochemical products in South China. The company provides integrated facilities of jetties, storage tanks, warehousing, and logistics services. Its reporting segments are Trading, Terminal storage, and Retail. It derives key revenue from the Trading segment which represents the group's trading of oil and petrochemical products business carried out in the PRC and Hong Kong.
Executives
An David 2101 Beneficial owner
Julius Baer Family Office & Trust Ltd.
Vand Petro-chemicals (bvi) Company Ltd. 2101 Beneficial owner
Extreme Wise Investments Limited 2101 Beneficial owner

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