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Sinohope Technology Holdings (HKSE:01611) 9-Day RSI : 44.71 (As of Dec. 14, 2024)


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What is Sinohope Technology Holdings 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 (2024-12-14), Sinohope Technology Holdings's 9-Day RSI is 44.71.

The industry rank for Sinohope Technology Holdings's 9-Day RSI or its related term are showing as below:

HKSE:01611's 9-Day RSI is ranked better than
65.98% of 2910 companies
in the Software industry
Industry Median: 50.575 vs HKSE:01611: 44.71

Competitive Comparison of Sinohope Technology Holdings's 9-Day RSI

For the Software - Infrastructure subindustry, Sinohope Technology Holdings'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.


Sinohope Technology Holdings's 9-Day RSI Distribution in the Software Industry

For the Software industry and Technology sector, Sinohope Technology Holdings's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Sinohope Technology Holdings's 9-Day RSI falls into.



Sinohope Technology Holdings  (HKSE:01611) 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.


Sinohope Technology Holdings  (HKSE:01611) 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.


Sinohope Technology Holdings 9-Day RSI Related Terms

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Sinohope Technology Holdings Business Description

Traded in Other Exchanges
N/A
Address
100 Queen's Road Central, 6th Floor, 7th Floor, Unit 702-3, Central, Hong Kong, HKG
Sinohope Technology Holdings Ltd is an investment holding company and its subsidiaries are principally engaged in the provision of technology solution services, a variety of services in virtual asset ecosystem, such as asset management, trust and custodian business, cryptocurrency trading, and contract manufacturing, on electronic manufacturing services basis, of a wide range of power-related and electrical/electronic products. The company operates in one reportable segment; Virtual asset ecosystem.
Executives
Avenir Holdings Limited 2101 Beneficial owner
Avenir Investment Limited 2101 Beneficial owner
Shen Nan Peng 2201 Interest of corporation controlled by you
Snp China Enterprises Limited 2201 Interest of corporation controlled by you
Hsg Venture Iv Management, L.p. 2201 Interest of corporation controlled by you
Hsg Cv Iv Senior Holdco, Ltd. 2201 Interest of corporation controlled by you
Hsg Cv Iv Holdco, Ltd. 2101 Beneficial owner
Hongshan Capital Venture Fund Iv, L.p. 2201 Interest of corporation controlled by you
Hsg Holding Limited 2201 Interest of corporation controlled by you
Avenir Capital Inc. 2101 Beneficial owner
Li Lin 2201 Interest of corporation controlled by you
Du Jun 2101 Beneficial owner
Avenir Cayman Holding Limited 2101 Beneficial owner
On Chain Technology Limited 2101 Beneficial owner
Zhong Gengfa 2101 Beneficial owner

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