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Renco Holdings Group (HKSE:02323) 9-Day RSI : 44.09 (As of Dec. 12, 2024)


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What is Renco Holdings Group 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), Renco Holdings Group's 9-Day RSI is 44.09.

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

HKSE:02323's 9-Day RSI is ranked better than
67.92% of 2506 companies
in the Hardware industry
Industry Median: 50.945 vs HKSE:02323: 44.09

Competitive Comparison of Renco Holdings Group's 9-Day RSI

For the Electronic Components subindustry, Renco Holdings Group'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.


Renco Holdings Group's 9-Day RSI Distribution in the Hardware Industry

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

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



Renco Holdings Group  (HKSE:02323) 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.


Renco Holdings Group  (HKSE:02323) 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.


Renco Holdings Group 9-Day RSI Related Terms

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Renco Holdings Group Business Description

Traded in Other Exchanges
N/A
Address
89 Queensway, Unit 2707, Tower One, Lippo Centre, Hong Kong, HKG
Renco Holdings Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the following business segments; the Manufacturing segment; and the Treasury investment and financial service segment. The company derives a majority of its revenue from the Manufacturing segment that manufactures and sells Printed Circuit Boards (PCBs). Geographically, its operations are spread across the PRC, Singapore, Germany, Poland, the United States of America, Korea, Japan, and other countries. Key revenue for the company is derived from the People's Republic of China.
Executives
Eternal Glory Holdings Limited 2101 Beneficial owner
Li Yongjun 2101 Beneficial owner
Liu Xinjun 2202 Interest of your spouse
Sun Mingwen 2201 Interest of corporation controlled by you
Youfu Investment Co., Ltd 2101 Beneficial owner
Zhisheng Enterprise Investment Co., Ltd. 2101 Beneficial owner
Zhu Yanbin 2201 Interest of corporation controlled by you

Renco Holdings Group Headlines

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