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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.
Bright Led Electronics (TPE:3031) 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.
Bright Led Electronics 14-Day RSI Related Terms
TPE:3031 vs APH, GLW, TEL: 14-Day RSI Comparison
For the Electronic Components subindustry, Bright Led Electronics'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.
Bright Led Electronics 14-Day RSI vs Hardware Industry
For the Hardware industry and Technology sector, Bright Led Electronics's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where Bright Led Electronics's 14-Day RSI falls into.
Bright Led Electronics (TPE:3031) 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.
Bright Led Electronics (TPE:3031) has a 14-Day RSI of 55.44 as of Aug. 27, 2026. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. View historical data on Bright Led Electronics and its competitors. According to the industry distribution chart, Bright Led Electronics ranks #1647 out of 2526 companies in the Hardware industry, placing it in the top 65.2%.
Is Bright Led Electronics' 14-Day RSI too high?
Bright Led Electronics' current 14-Day RSI is 55.44. The Hardware industry median 14-Day RSI is 48.15. Bright Led Electronics' value of 55.44 is 15.2% above this industry median. Based on the distribution chart, Bright Led Electronics ranks #1647 out of 2526 companies in the Hardware industry, which is below the industry midpoint. Overall, Bright Led Electronics has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Led Electronics' 14-Day RSI compare to APH and GLW?
According to the Hardware industry distribution chart, Bright Led Electronics ranks #1647 out of 2526 companies for 14-Day RSI. This places Bright Led Electronics in the lower half of its industry. The industry median 14-Day RSI is 48.15. Bright Led Electronics' value of 55.44 is 15.2% 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 Hardware company?
The median 14-Day RSI among Hardware companies is 48.15, based on 2,526 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. Bright Led Electronics's current 14-Day RSI of 55.44 is 15.2% 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 Bright Led Electronics and its competitors. For the Hardware industry, the median 14-Day RSI is 48.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bright Led Electronics's current 14-Day RSI is 55.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Led Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bright Led Electronics (TPE:3031) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$22.07, compared to a current price of NT$24.80 — trading 12.4% above its estimated fair value. The current 14-Day RSI is 55.44 and 15.2% above the Hardware industry median of 48.15. Bright Led Electronics' overall GF Score™ is 73/100 with 3 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 Bright Led Electronics (TPE:3031), the current 14-Day RSI is 55.44 as of Aug. 27, 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 Bright Led Electronics (TPE:3031) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Led Electronics stock appears to be overvalued.
The current stock price of NT$24.80 is trading 12.4% above its estimated GF Value™ of NT$22.07.
GuruFocus considers Bright Led Electronics to be Modestly Overvalued.
Key valuation signals for TPE:3031:
14-Day RSI: 55.44
GF Value™: NT$22.07 vs. price of NT$24.80 (12.4% above fair value)
Industry Position: 15.2% above the Hardware median (#1647 of 2526)
No single metric tells the full story. See the TPE:3031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bright Led Electronics Corp is engaged in the engaged in the manufacturing and sales of light-emitting diode, indicator lights, displays and other extended products and undertaking engineering projects that provide indicator lights, displays and related supporting engineering projects. The company operates in four principal geographical areas - the United States, China, Taiwan, Korea and others, where majority revenue is from the Chinese segment.
73GF Score
Get the complete analysis for TPE:3031
14-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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