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Opple Lighting Co (SHSE:603515) 5-Day RSI : 42.98 (As of Dec. 14, 2024)


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What is Opple Lighting 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 (2024-12-14), Opple Lighting Co's 5-Day RSI is 42.98.

The industry rank for Opple Lighting Co's 5-Day RSI or its related term are showing as below:

SHSE:603515's 5-Day RSI is ranked better than
64.89% of 450 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 51.215 vs SHSE:603515: 42.98

Competitive Comparison of Opple Lighting Co's 5-Day RSI

For the Furnishings, Fixtures & Appliances subindustry, Opple Lighting 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.


Opple Lighting Co's 5-Day RSI Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Opple Lighting Co's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Opple Lighting Co's 5-Day RSI falls into.



Opple Lighting Co  (SHSE:603515) 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.


Opple Lighting Co  (SHSE:603515) 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.


Opple Lighting Co 5-Day RSI Related Terms

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Opple Lighting Co Business Description

Traded in Other Exchanges
N/A
Address
The MIXC, Lane 1799, Wuzhong Road, Building 3, Minhang District, Shanghai, CHN, 201103
Opple Lighting Co Ltd is a China-based integrated lighting manufacturing company. It offers electrical appliances to large-scale commercial lighting solutions. The products of the company are LED light source, LED home luminaires and LED professional luminaires. Its other products range from lamps and ceiling fixtures to electrical appliances.
Executives
Ma Zhi Wei Director
Zhang Xue Juan senior management
Hu Xing senior management
Wang Yao Hai Director
Huang Di Director
Ma Xiu Hui Directors, senior managers
Gao Zhan Director
Ni Guo Long Director
Han Yi Quan senior management
Qi Xiao Ming Director
Ding Long Director
Hong Wei Ying Supervisors
Wang Guo Xiao Supervisors
Chen Jing Hua Director

Opple Lighting Co Headlines

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