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Bright Smart Securitiesmmodities Group (HKSE:01428) 5-Day RSI : 58.29 (As of Dec. 15, 2024)


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What is Bright Smart Securitiesmmodities Group 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 (2024-12-15), Bright Smart Securitiesmmodities Group's 5-Day RSI is 58.29.

The industry rank for Bright Smart Securitiesmmodities Group's 5-Day RSI or its related term are showing as below:

HKSE:01428's 5-Day RSI is ranked worse than
63.82% of 832 companies
in the Capital Markets industry
Industry Median: 50.085 vs HKSE:01428: 58.29

Competitive Comparison of Bright Smart Securitiesmmodities Group's 5-Day RSI

For the Capital Markets subindustry, Bright Smart Securitiesmmodities Group'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.


Bright Smart Securitiesmmodities Group's 5-Day RSI Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Bright Smart Securitiesmmodities Group's 5-Day RSI falls into.



Bright Smart Securitiesmmodities Group  (HKSE:01428) 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.


Bright Smart Securitiesmmodities Group  (HKSE:01428) 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.


Bright Smart Securitiesmmodities Group 5-Day RSI Related Terms

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Bright Smart Securitiesmmodities Group Business Description

Traded in Other Exchanges
Address
71 Des Voeux Road Central, 10th Floor and 23rd Floor, Wing On House, Central, Hong Kong, HKG
Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.
Executives
New Charming Holdings Limited 2101 Beneficial owner
Yip Mow Lum 2201 Interest of corporation controlled by you

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