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Jiangxi Hongdu Aviation Industry Co (SHSE:600316) 5-Day RSI : 47.82 (As of Dec. 15, 2024)


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What is Jiangxi Hongdu Aviation Industry 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 (2024-12-15), Jiangxi Hongdu Aviation Industry Co's 5-Day RSI is 47.82.

The industry rank for Jiangxi Hongdu Aviation Industry Co's 5-Day RSI or its related term are showing as below:

SHSE:600316's 5-Day RSI is ranked worse than
52.5% of 320 companies
in the Aerospace & Defense industry
Industry Median: 47.285 vs SHSE:600316: 47.82

Competitive Comparison of Jiangxi Hongdu Aviation Industry Co's 5-Day RSI

For the Aerospace & Defense subindustry, Jiangxi Hongdu Aviation Industry 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.


Jiangxi Hongdu Aviation Industry Co's 5-Day RSI Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Jiangxi Hongdu Aviation Industry Co's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Jiangxi Hongdu Aviation Industry Co's 5-Day RSI falls into.



Jiangxi Hongdu Aviation Industry Co  (SHSE:600316) 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.


Jiangxi Hongdu Aviation Industry Co  (SHSE:600316) 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.


Jiangxi Hongdu Aviation Industry Co 5-Day RSI Related Terms

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Jiangxi Hongdu Aviation Industry Co Business Description

Traded in Other Exchanges
N/A
Address
Xinxi Bridge, Jiangxi province, Nanchang, CHN, 330024
Jiangxi Hongdu Aviation Industry Co Ltd engages in the manufacture and sale of aviation products, motorcycles, and engines. The company operates through Trainer Business, Subcontract Production Business, and General Aviation Business segments. The main products of the K8 series jet trainer and the first teacher six-propeller trainer are exported to many countries and regions such as Asia, Africa, and the Americas. Further, the group act as the main export base for China's trainer aircraft, agricultural and forestry aircraft research and production bases and aviation foreign trade.
Executives
Jin Lei senior management

Jiangxi Hongdu Aviation Industry Co Headlines

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