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Shineroad International Holdings (HKSE:01587) 5-Day RSI : 35.62 (As of Apr. 01, 2025)


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What is Shineroad International 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 (2025-04-01), Shineroad International Holdings's 5-Day RSI is 35.62.

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

HKSE:01587's 5-Day RSI is ranked better than
86.98% of 338 companies
in the Retail - Defensive industry
Industry Median: 45.285 vs HKSE:01587: 35.62

Competitive Comparison of Shineroad International Holdings's 5-Day RSI

For the Food Distribution subindustry, Shineroad International 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.


Shineroad International Holdings's 5-Day RSI Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Shineroad International Holdings's 5-Day RSI distribution charts can be found below:

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


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Shineroad International Holdings  (HKSE:01587) 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.


Shineroad International Holdings  (HKSE:01587) 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.


Shineroad International Holdings 5-Day RSI Related Terms

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Shineroad International Holdings Business Description

Traded in Other Exchanges
N/A
Address
Lane 1040, Caoyang Road, Zhongyou Building, 25th Floor South, Block 1, Putuo District, Shanghai, CHN
Shineroad International Holdings Ltd is a distributor in the food ingredients and additives distribution industry with the capabilities to provide food ingredients application solutions to its customers. The company supplies its extensive portfolio of various food ingredients and food additives to food manufacturers in the PRC, Vietnam, and Thailand. It has one reportable segment which is the distribution of food ingredients and food additives. Its products are classified into food ingredients, food additives, and packaging materials. The Company derives its revenue mainly from the distribution of food ingredients and food additives in the PRC.
Executives
Asian Equity Special Opportunities Portfolio Master Fund Limited 2101 Beneficial owner
Rays Capital Partners Limited 2102 Investment manager
Ruan David Ching Chi 2201 Interest of corporation controlled by you
Chen Dongying 2202 Interest of your spouse
Huang Haixiao 2201 Interest of corporation controlled by you
Ocean Town Company Limited 2201 Interest of corporation controlled by you
Shineroad Group Limited 2101 Beneficial owner

Shineroad International Holdings Headlines

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