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Jihua Group (SHSE:601718) 5-Day RSI : 79.54 (As of Dec. 13, 2024)


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What is Jihua 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 (2024-12-13), Jihua Group's 5-Day RSI is 79.54.

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

SHSE:601718's 5-Day RSI is ranked worse than
88.29% of 1606 companies
in the Chemicals industry
Industry Median: 55.13 vs SHSE:601718: 79.54

Competitive Comparison of Jihua Group's 5-Day RSI

For the Specialty Chemicals subindustry, Jihua 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.


Jihua Group's 5-Day RSI Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jihua Group's 5-Day RSI distribution charts can be found below:

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



Jihua Group  (SHSE:601718) 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.


Jihua Group  (SHSE:601718) 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.


Jihua Group 5-Day RSI Related Terms

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Jihua Group Business Description

Traded in Other Exchanges
N/A
Address
Hongshan Farm, Xiaoshan, Hangzhou, CHN
Jihua Group Corp Ltd is a China-based company engaged in the business of formal wear, textile printing and dyeing, professional footwear and protective equipment, ferroalloys, and medicines.
Executives
Xia Qian Jun Director
Ceng Wei Liang senior management
Han Yue Fen senior management
Qiu Wei Bing Director
Wang Ming Zeng senior management
Liu Gai Ping senior management
Liu Zhang Cheng senior management
Duan Yin Hai Directors, senior managers
He Hua Sheng senior management
Rong San You senior management
Zhou Zhang Sheng senior management
Yuan Hai Li Director
Wang Xing Zhi Director
Chen Xiang Dong Director
Li Chuan Wei senior management

Jihua Group Headlines

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