GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pentamaster International Ltd (HKSE:01665) » Definitions » 9-Day RSI

Pentamaster International (HKSE:01665) 9-Day RSI : 88.11 (As of Dec. 12, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Pentamaster International 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 (2024-12-12), Pentamaster International's 9-Day RSI is 88.11.

The industry rank for Pentamaster International's 9-Day RSI or its related term are showing as below:

HKSE:01665's 9-Day RSI is ranked worse than
98.55% of 3098 companies
in the Industrial Products industry
Industry Median: 52.925 vs HKSE:01665: 88.11

Competitive Comparison of Pentamaster International's 9-Day RSI

For the Specialty Industrial Machinery subindustry, Pentamaster International'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.


Pentamaster International's 9-Day RSI Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pentamaster International's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Pentamaster International's 9-Day RSI falls into.



Pentamaster International  (HKSE:01665) 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.


Pentamaster International  (HKSE:01665) 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.


Pentamaster International 9-Day RSI Related Terms

Thank you for viewing the detailed overview of Pentamaster International's 9-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Pentamaster International Business Description

Traded in Other Exchanges
N/A
Address
Plot 18 & 19, Technoplex, Medan Bayan Lepas, Phase IV, Taman Perindustrian Bayan Lepas, Bayan Lepas, PNG, MYS, 11900
Pentamaster International Ltd is an investment holding company that is engaged in designing, developing, and manufacturing standard and non-standard Automated test equipment and Factory automation solutions. The company is involved in various industry segments including Electro-Optical, Automotive, Consumer & Industrial Products, Semiconductors, and Medical Devices. Its operating segment consists of Automated Test Equipment and Factory Automation Solutions. The majority of its revenue is derived from the Automated Test Equipment segment, which is responsible for designing, developing, and manufacturing standard and non-standard automated equipment. Geographically, the company earns most of its revenue from Malaysia, China, the United States, and Vietnam.
Executives
Pentamaster Corporation Berhad 2101 Beneficial owner
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you

Pentamaster International Headlines

No Headlines