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Target Group (OTCPK:CBDY) 9-Day RSI

: 49.08 (As of Today)
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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 (2022-11-27), Target Group's 9-Day RSI is 49.08.

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

CBDY's 9-Day RSI is ranked worse than
53.45% of 1173 companies
in the Drug Manufacturers industry
Industry Median: 47.84 vs CBDY: 49.08

Target Group (OTCPK:CBDY) 9-Day RSI Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Target 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.

   

Target Group (OTCPK:CBDY) 9-Day RSI Distribution

For the Drug Manufacturers industry and Healthcare sector, Target Group's 9-Day RSI distribution charts can be found below:

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



Target Group  (OTCPK:CBDY) 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.


Target Group  (OTCPK:CBDY) 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.


Target Group 9-Day RSI Related Terms

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


Target Group (OTCPK:CBDY) Business Description

Target Group logo
Traded in Other Exchanges
N/A
Address
20 Hempstead Drive, Hamilton, ON, CAN, L8W 2E7
Target Group Inc is engaged in the cultivation, processing, and distribution of curated cannabis products for the adult-use medical and recreational cannabis market in Canada. The company generates revenue from the sale of Wisp vaporizer and pod units.
Executives
Katzman Barry Alan director 36 ADDISON DRIVE ST. CATHERINES A6 L2S 4B7
Zarcone Anthony Carlo director 564 NORTH SHORE BLVD. BURLINGTON A6 L7T 1X2
Monte Frank Michael director 18 BRAESIDE SQ MARKHAM A6 L3R 0A5
Niddam Saul director 42 HEATHVIEW AVE NORTH YORK A6 M2K 2C1
Mehrali Azmatali officer: CFO 134 BRIDGEPOINTE COURT AURORA A6 L4H 3H8
Weinstein Family (2015) Trust 10 percent owner 52 RIDOUT STREET EAST TILLSONBURG A6 N4G 2E3
Schindermann Rubin director, 10 percent owner, officer: CEO 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Starr Alexander director, 10 percent owner, officer: President 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Chess Supersite Inc. (canada) 10 percent owner 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Starr Nava other: See Remarks 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Cassidy James M director, 10 percent owner, officer: president 215 APOLENA AVENUE NEWPORT BEACH CA 92662
Mckillop James K director, 10 percent owner, officer: vice president 9454 WILSHIRE BOULEVARD SUITE 612 BEVERLY HILLS CA 90212

Target Group (OTCPK:CBDY) Headlines

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