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Dawei Technology (Guangdong) Group Co (SHSE:600589) 9-Day RSI : 57.88 (As of Dec. 14, 2024)


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What is Dawei Technology (Guangdong) Group 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 (2024-12-14), Dawei Technology (Guangdong) Group Co's 9-Day RSI is 57.88.

The industry rank for Dawei Technology (Guangdong) Group Co's 9-Day RSI or its related term are showing as below:

SHSE:600589's 9-Day RSI is ranked worse than
75.79% of 1607 companies
in the Chemicals industry
Industry Median: 49.1 vs SHSE:600589: 57.88

Competitive Comparison of Dawei Technology (Guangdong) Group Co's 9-Day RSI

For the Chemicals subindustry, Dawei Technology (Guangdong) Group 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.


Dawei Technology (Guangdong) Group Co's 9-Day RSI Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Dawei Technology (Guangdong) Group Co's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Dawei Technology (Guangdong) Group Co's 9-Day RSI falls into.



Dawei Technology (Guangdong) Group Co  (SHSE:600589) 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.


Dawei Technology (Guangdong) Group Co  (SHSE:600589) 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.


Dawei Technology (Guangdong) Group Co 9-Day RSI Related Terms

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Dawei Technology (Guangdong) Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Xinxing East 2nd Road, West side of Jiedong Economic Development Zone, Guangdong Province, Jieyang, CHN, 515500
Dawei Technology (Guangdong) Group Co Ltd formerly Guangdong Rongtai Industry Co Ltd produces and sells new chemical materials and their products mostly and does research and development of high polymer composite. The company owns 3 plants (a chemical solvent plant, a chemical material plant, a melamine ware plant), a research institute, an engineering and technology research and development center (province grade), an enterprise technology center (province grade), and a postdoctoral programme.
Executives
Xia Chun Yuan Directors, senior managers
Zhang Wei Directors, senior managers
Zhou Chun senior management
Yang Bao Sheng Director

Dawei Technology (Guangdong) Group Co Headlines

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