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Bonny International Holding (HKSE:01906) 5-Day RSI : 63.06 (As of May. 23, 2024)


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What is Bonny International Holding 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 (2024-05-23), Bonny International Holding's 5-Day RSI is 63.06.

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

HKSE:01906's 5-Day RSI is ranked worse than
73.99% of 1188 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 48.72 vs HKSE:01906: 63.06

Competitive Comparison of Bonny International Holding's 5-Day RSI

For the Apparel Manufacturing subindustry, Bonny International Holding'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.


Bonny International Holding's 5-Day RSI Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bonny International Holding's 5-Day RSI distribution charts can be found below:

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



Bonny International Holding  (HKSE:01906) 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.


Bonny International Holding  (HKSE:01906) 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.


Bonny International Holding 5-Day RSI Related Terms

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Bonny International Holding (HKSE:01906) Business Description

Traded in Other Exchanges
N/A
Address
248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG
Bonny International Holding Ltd is principally engaged in the manufacturing of intimate wear products for overseas apparel companies. The segments of the company are the Brand products segment which involves the manufacture and sale of ladies Brassieres, Panties, Thermal underwear with the Bonny brand to the domestic market; and the Original Design Manufacture (ODM) products segment which engages in the manufacture and sale of Seamless underwear or other ODM products for overseas customers or their agents. Geographically the group derives key revenue from Mainland China, the United states, Germany, Japan, Netherlands and others, of which key revenue is derived from Mainland China.

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