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Drewloong Precision (TPE:4572) 5-Day RSI : 19.77 (As of Dec. 15, 2024)


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What is Drewloong Precision 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), Drewloong Precision's 5-Day RSI is 19.77.

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

TPE:4572's 5-Day RSI is ranked better than
93.93% of 3098 companies
in the Industrial Products industry
Industry Median: 46.795 vs TPE:4572: 19.77

Competitive Comparison of Drewloong Precision's 5-Day RSI

For the Specialty Industrial Machinery subindustry, Drewloong Precision'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.


Drewloong Precision's 5-Day RSI Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Drewloong Precision's 5-Day RSI distribution charts can be found below:

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



Drewloong Precision  (TPE:4572) 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.


Drewloong Precision  (TPE:4572) 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.


Drewloong Precision 5-Day RSI Related Terms

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Drewloong Precision Business Description

Traded in Other Exchanges
N/A
Address
166 Bade 2nd Road, Renwu District, Kaohsiung, TWN, 814
Drewloong Precision Inc is a Taiwan-based company that engages in the provision of precision parts and components internationally. It provides engineering and fabrication services of precision tooling, machined, sheet metal components, surface treatment, and assemblies for aerospace, electronics, automotive, industrial, and other high-tech industries. The company is involved in the fabrication of precision machined components for aerospace, shipbuilding, and industrial applications. Its product and service include fuselages, wings, stabilizers, aircraft sheet metal parts, and other products.

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