Net-a-Go Technology Co (HKSE:01483) 9-Day RSI : 39.71 (As of May. 29, 2024)

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What is Net-a-Go Technology Co 9-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. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-05-29), Net-a-Go Technology Co's 9-Day RSI is 39.71.

The industry rank for Net-a-Go Technology Co's 9-Day RSI or its related term are showing as below:

HKSE:01483's 9-Day RSI is ranked worse than
52.83% of 265 companies
in the Waste Management industry
Industry Median: 49.45 vs HKSE:01483: 39.71

Competitive Comparison of Net-a-Go Technology Co's 9-Day RSI

For the Waste Management subindustry, Net-a-Go Technology Co's 9-Day RSI, along with its competitors' market caps and 9-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.

Net-a-Go Technology Co's 9-Day RSI Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Net-a-Go Technology Co's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Net-a-Go Technology Co's 9-Day RSI falls into.

Net-a-Go Technology Co (HKSE:01483) 9-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.

Net-a-Go Technology Co (HKSE:01483) 9-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. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

Net-a-Go Technology Co 9-Day RSI Related Terms

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Net-a-Go Technology Co (HKSE:01483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Net-a-Go Technology Co Ltd (HKSE:01483) » Definitions » 9-Day RSI

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 King’s Road, Suite 1201, 12th Floor, Taikoo Shing, Hong Kong, HKG

Website

http://www.netago.hk

Net-a-Go Technology Co Ltd is an investment holding company operating in four segments: environmental maintenance business, property leasing business, securities trading business, and others business segment consists of the financials of manufacturing and selling of medical devices business, selling of cosmetics business and selling of frozen meat business. The majority of its revenue comes from the Environmental maintenance segment, which includes janitorial services on streets and public areas, waste management services, and facility maintenance management. Its geographical segments are Mainland China and Hong Kong, of which almost all of its revenue comes from Mainland China.

Executives

Sang Kangqiao	2101 Beneficial owner
Cui Peng	2501 Other
Xu Wenze	2501 Other
Goldpalm Offshore Limited	2101 Beneficial owner
Ma Yanying	2201 Interest of corporation controlled by you

Net-a-Go Technology Co (HKSE:01483) Headlines

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