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ZZ Capital International RSI

What is the RSI of ZZ Capital International?

The RSI of ZZ Capital International Limited is 26.01

What is the definition of RSI?

The relative strength index (RSI 14) is a momentum indicator that compares the magnitude of gains and losses over a specified time period to measure speed and change of price movements of a security.

14-day period

It is used to identify overbought or oversold conditions in the trading of an asset. It oscillates between 0 and 100 and a stock is considered overbought when the RSI is above 70 and oversold when below 30. The relative strength index (RSI) is typically used on a 14-day timeframe and is calculated according to the formula 100 - [ 100 / (1 + RS)] where RS is the ratio of average gain to average loss. In the calculation of average gain and loss for a certain period, taking the prior value plus the current value is a smoothing technique similar to that used in calculating an exponential moving average. This also means that RSI values become more accurate as the calculation period extends.

Sudden large price movements can create false buy or sell signals in the RSI. The RSI is often used in conjunction with trend lines, as trend line support or resistance often coincides with support or resistance levels in the RSI reading. Watching for divergence between price and the RSI indicator is another means of refining its application. Divergence occurs when a security makes a new high or low in price but the RSI does not make a corresponding new high or low value. Bearish divergence, when price makes a new high but the RSI does not is taken as a sell signal. Bullish divergence that is interpreted as a buy signal occurs when price makes a new low, but the RSI value does not.

RSI of companies in the Finance sector on HKSE compared to ZZ Capital International

What does ZZ Capital International do?

Zhongjin Technology Services Group Company Limited, an investment holding company, provides corporate advisory services in the People's Republic of China and internationally. It also offers investment advisory and asset management, proprietary investment, and money lending services. The company also engages in securities dealing activities; and provision of investment funds. In addition, it offers various financing and financial advisory to corporate customers, such as issuance of bonds and preference shares, secondary market placement, issuance of convertible bonds, merger and acquisition financial advisory, and private placement services. Further, the company provides information technology outsourcing, data center, and call center solutions, as well as marketing services. The company was formerly known as ZZ Capital International Limited and changed its name to Zhongjin Technology Services Group Company Limited in April 2021. The company was incorporated in 2010 and is headquartered in Central, Hong Kong. Zhongjin Technology Services Group Company Limited operates as a subsidiary of Zhong Zhi Xin Zhuo Capital Company Ltd.

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