Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Minmetals Development Co (SHSE:600058) 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.
Minmetals Development Co 14-Day RSI Related Terms
SHSE:600058 vs NUE, STLD, RS: 14-Day RSI Comparison
For the Steel subindustry, Minmetals Development 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.
Minmetals Development Co 14-Day RSI vs Steel Industry
For the Steel industry and Basic Materials sector, Minmetals Development Co's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where Minmetals Development Co's 14-Day RSI falls into.
Minmetals Development Co (SHSE:600058) 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.
Minmetals Development Co (SHSE:600058) has a 14-Day RSI of 49.83 as of Aug. 02, 2026. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. View historical data on Minmetals Development Co and its competitors. According to the industry distribution chart, Minmetals Development Co ranks #414 out of 655 companies in the Steel industry, placing it in the top 63.2%.
Is Minmetals Development Co's 14-Day RSI too high?
Minmetals Development Co's current 14-Day RSI is 49.83. The Steel industry median 14-Day RSI is 46.21. Minmetals Development Co's value of 49.83 is 7.8% above this industry median. Based on the distribution chart, Minmetals Development Co ranks #414 out of 655 companies in the Steel industry, which is below the industry midpoint. Overall, Minmetals Development Co has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Minmetals Development Co's 14-Day RSI compare to NUE and STLD?
According to the Steel industry distribution chart, Minmetals Development Co ranks #414 out of 655 companies for 14-Day RSI. This places Minmetals Development Co in the lower half of its industry. The industry median 14-Day RSI is 46.21. Minmetals Development Co's value of 49.83 is 7.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 14-Day RSI for a Steel company?
The median 14-Day RSI among Steel companies is 46.21, based on 655 companies in the industry. Companies in the top quartile (top 25%) have a 14-Day RSI significantly above this median, while those in the bottom quartile fall well below. However, 14-Day RSI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Minmetals Development Co's current 14-Day RSI of 49.83 is 7.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 14-Day RSI mean?
A high 14-Day RSI can signal that a stock is expensive relative to its fundamentals. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. View historical data on Minmetals Development Co and its competitors. For the Steel industry, the median 14-Day RSI is 46.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minmetals Development Co's current 14-Day RSI is 49.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minmetals Development Co stock overvalued right now?
Based on GuruFocus' analysis, Minmetals Development Co (SHSE:600058) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.46, compared to a current price of ¥9.59 — trading 75.6% above its estimated fair value. The current 14-Day RSI is 49.83 and 7.8% above the Steel industry median of 46.21. Minmetals Development Co's overall GF Score™ is 51/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 14-Day RSI calculated?
14-Day RSI is calculated from a company's financial statements. For Minmetals Development Co (SHSE:600058), the current 14-Day RSI is 49.83 as of Aug. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Minmetals Development Co (SHSE:600058) Overvalued in 2026?
Based on GuruFocus' analysis, Minmetals Development Co stock appears to be overvalued.
The current stock price of ¥9.59 is trading 75.6% above its estimated GF Value™ of ¥5.46.
GuruFocus considers Minmetals Development Co to be Significantly Overvalued.
Key valuation signals for SHSE:600058:
14-Day RSI: 49.83
GF Value™: ¥5.46 vs. price of ¥9.59 (75.6% above fair value)
Industry Position: 7.8% above the Steel median (#414 of 655)
No single metric tells the full story. See the SHSE:600058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Minmetals Development Co Ltd is a steel distribution service provider. The activities of the company include the supply of metallurgical raw materials which includes iron ore, coal, coke, and pig iron, steel trading, processing and distribution, and logistics services.
51GF Score
Get the complete analysis for SHSE:600058
14-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600058 has been successfully added to your 
