YH Entertainment Group (HKSE:02306) 14-Day RSI : 53.03 (As of Jun. 03, 2024)

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What is YH Entertainment Group 14-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.

As of today (2024-06-03), YH Entertainment Group's 14-Day RSI is 53.03.

The industry rank for YH Entertainment Group's 14-Day RSI or its related term are showing as below:

HKSE:02306's 14-Day RSI is ranked worse than
71.63% of 1089 companies
in the Media - Diversified industry
Industry Median: 45.61 vs HKSE:02306: 53.03

Competitive Comparison of YH Entertainment Group's 14-Day RSI

For the Entertainment subindustry, YH Entertainment Group's 14-Day RSI, along with its competitors' market caps and 14-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.

YH Entertainment Group's 14-Day RSI Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, YH Entertainment Group's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where YH Entertainment Group's 14-Day RSI falls into.

YH Entertainment Group (HKSE:02306) 14-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.

YH Entertainment Group (HKSE:02306) 14-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.

YH Entertainment Group 14-Day RSI Related Terms

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YH Entertainment Group (HKSE:02306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » YH Entertainment Group (HKSE:02306) » Definitions » 14-Day RSI

Comparable Companies

Traded in Other Exchanges

YHEGF:USA

Address

No. 27 West Dawang Road, Room 150, Building 119, Chaoyang District, Beijing, CHN

Website

https://www.yuehuamusic.com

YH Entertainment Group is an artist management company in China. The company has grown into a cultural and entertainment platform comprising three complementary business segments artist management, music IP production and operation, and pan-entertainment business. The artist management business, provides services to customers, including corporate customers, media platforms, content producers, and advertising agencies, by arranging for managed artists to participate in commercial activities and perform in movies, drama series, and a variety of programs. With the music IP production and operation business, the company licenses the music IPs in the library to music streaming platforms and other music service providers for licensing fees and sells digital and physical copies of music IPs.

Executives

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Cmc Sports Investment Limited
Interform Construction Supplies Limited	2101 Beneficial owner
Sac Enterprises Limited	2201 Interest of corporation controlled by you
Du Hua
Sun Yiding
Ding Guohua Limited
Huadingguo Limited
Li Ruigang

YH Entertainment Group (HKSE:02306) Headlines

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