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Vital Innovations Holdings (HKSE:06133) 5-Day RSI : 65.89 (As of Dec. 14, 2024)


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What is Vital Innovations 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 (2024-12-14), Vital Innovations Holdings's 5-Day RSI is 65.89.

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

HKSE:06133's 5-Day RSI is ranked worse than
81.18% of 2503 companies
in the Hardware industry
Industry Median: 47.9 vs HKSE:06133: 65.89

Competitive Comparison of Vital Innovations Holdings's 5-Day RSI

For the Consumer Electronics subindustry, Vital Innovations 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.


Vital Innovations Holdings's 5-Day RSI Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Vital Innovations Holdings's 5-Day RSI distribution charts can be found below:

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



Vital Innovations Holdings  (HKSE:06133) 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.


Vital Innovations Holdings  (HKSE:06133) 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.


Vital Innovations Holdings 5-Day RSI Related Terms

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Vital Innovations Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 55 Jiachuang Second Road, 101-1713, 7th Floor, Block 1, Beijing Economic-Technological Development Area, Tongzhou District, Beijing, CHN, 101111
Vital Innovations Holdings Ltd is an investment holding company. It operates in two segments: Trading of mobile telecommunication devices, which includes mobile telecommunication-related components and smart appliances; and Trading of AI and other equipment. Its geographical segments are Hong Kong, China, and Others, of which the majority of its revenue comes from Hong Kong.

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