Roan Holdings Group Co (Roan Holdings Group Co) 9-Day RSI : 56.79 (As of Apr. 28, 2024)

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What is Roan Holdings 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 (2024-04-28), Roan Holdings Group Co's 9-Day RSI is 56.79.

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

RAHGF's 9-Day RSI is not ranked
in the Credit Services industry.
Industry Median: 49.38 vs RAHGF: 56.79

Competitive Comparison of Roan Holdings Group Co's 9-Day RSI

For the Credit Services subindustry, Roan Holdings 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.

Roan Holdings Group Co's 9-Day RSI Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Roan Holdings Group Co's 9-Day RSI distribution charts can be found below:

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

Roan Holdings Group Co (OTCPK:RAHGF) 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.

Roan Holdings Group Co (OTCPK:RAHGF) 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.

Roan Holdings Group Co 9-Day RSI Related Terms

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Roan Holdings Group Co (Roan Holdings Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Roan Holdings Group Co Ltd (OTCPK:RAHGF) » Definitions » 9-Day RSI

Comparable Companies

Traded in Other Exchanges

N/A

Address

147 Ganshui Lane, Yuhuangshannan Fund Town, Shangcheng District, Zhejiang, Hangzhou, CHN

Website

http://www.roanholdingsgroup.com

Roan Holdings Group Co Ltd functions in the financial services domain in the People's Republic of China. In association with its subsidiaries, it conducts the business of offering loans to various sectors such as supply chain finance, manufacturing, real estate, mineral, and energy. Its service offering includes Direct Lending Services, Financial Consulting Services, and Financial Leasing. It has two operating business lines, including business conducted by Adrie and its subsidiaries, management and assessment services and factoring business, and business conducted by Lixin Cayman and its subsidiaries, financial guarantee and consulting services.

Executives

Wong Jason Kon Man	director	ROOM 1102, 11/F, BEAUTIFUL GROUP TOWER, 77 CONNAUGHT ROAD CENTRAL, HONG KONG F4 00000
Alain Vincent Fontaine	director	51 FUNG SHING STREET, BLOCK 5, FLAT 22A, NGAU CHI WAN, KOWLOON K3 00000
Hong Wang	officer: Vice President	ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Quan Zhou	officer: Vice President	ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Yangwei Global Ltd	10 percent owner	ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Ruiheng Global Ltd	10 percent owner	ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Yonggang Qiao	officer: Chief Risk Management Advisor	ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Jingping Li	director, 10 percent owner, officer: President and CEO	ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Wen Qi	director, 10 percent owner	ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Chan Stephen Sung Him	officer: Chief Financial Officer	2/F., 129 PRINCE EDWARD ROAD WEST, MONGKOK K3 00000
Jianfeng Zhang	officer: Vice President	ROOM 1103, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Si Shen	director	ROOM 2012, UNIT 1, BUILDING 2, NO. 899, FUCHUN ROAD, HANGZHOU, ZHEJIANG F4 830000
Wen Wang	officer: Caital Market Director	ROOM 1102, SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
North Pole Capital Master Fund	10 percent owner	C/O POLAR ASSET MANAGEMENT PARTNERS INC., 401 BAY ST., SUITE 1900, PO BOX 19, TORONTO A6 M5H 2Y4