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Everbright Jiabao Co (SHSE:600622) 14-Day RSI : 48.62 (As of May. 10, 2024)


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What is Everbright Jiabao Co 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 (2024-05-10), Everbright Jiabao Co's 14-Day RSI is 48.62.

The industry rank for Everbright Jiabao Co's 14-Day RSI or its related term are showing as below:

SHSE:600622's 14-Day RSI is ranked better than
57.99% of 1940 companies
in the Real Estate industry
Industry Median: 50.935 vs SHSE:600622: 48.62

Competitive Comparison of Everbright Jiabao Co's 14-Day RSI

For the Real Estate - Diversified subindustry, Everbright Jiabao Co'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.


Everbright Jiabao Co's 14-Day RSI Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Everbright Jiabao Co's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Everbright Jiabao Co's 14-Day RSI falls into.



Everbright Jiabao Co  (SHSE:600622) 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.


Everbright Jiabao Co  (SHSE:600622) 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.


Everbright Jiabao Co 14-Day RSI Related Terms

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Everbright Jiabao Co (SHSE:600622) Business Description

Traded in Other Exchanges
N/A
Address
No. 1-6, Lane 333, Yima Road, 10-15 Floor, Jiabao Building, Jiading District, Shanghai, CHN, 201801
Everbright Jiabao Co Ltd is primarily involved in the Real estate asset management, real estate investment and real estate development activities.

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