GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MITAC Holdings Corp (TPE:3706) » Definitions » 5-Day RSI

MITAC Holdings (TPE:3706) 5-Day RSI : 27.88 (As of Dec. 13, 2024)


View and export this data going back to 2013. Start your Free Trial

What is MITAC 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 (2024-12-13), MITAC Holdings's 5-Day RSI is 27.88.

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

TPE:3706's 5-Day RSI is ranked better than
56.87% of 2504 companies
in the Hardware industry
Industry Median: 53.31 vs TPE:3706: 27.88

Competitive Comparison of MITAC Holdings's 5-Day RSI

For the Computer Hardware subindustry, MITAC 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.


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

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

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



MITAC Holdings  (TPE:3706) 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.


MITAC Holdings  (TPE:3706) 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.


MITAC Holdings 5-Day RSI Related Terms

Thank you for viewing the detailed overview of MITAC Holdings's 5-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


MITAC Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 202, Wenhua 2nd Road, Guishan District, Taoyuan, TWN, 33383
MITAC Holdings Corp is a holding company whose subsidiaries offer a range of electronics manufacturing services. It is engaged in designing, manufacturing, and distributing servers and storage products across various architectures in public cloud, private cloud, and hybrid cloud environments. The smart mobile device and cloud service business group build application ecosystems that bridge cloud service and smart mobile devices. It serves industries such as finance, technology, retail, education, and manufacturing. The company brands include Mio, Magellan, Navman, and Tyan.

MITAC Holdings Headlines

No Headlines