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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.
Tong Ming Enterprise Co (TPE:5538) 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.
Tong Ming Enterprise Co 14-Day RSI Related Terms
TPE:5538 vs NUE, STLD, RS: 14-Day RSI Comparison
For the Steel subindustry, Tong Ming Enterprise 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.
Tong Ming Enterprise Co 14-Day RSI vs Steel Industry
For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where Tong Ming Enterprise Co's 14-Day RSI falls into.
Tong Ming Enterprise Co (TPE:5538) 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.
Tong Ming Enterprise Co (TPE:5538) has a 14-Day RSI of 52.04 as of Aug. 04, 2026. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. View historical data on Tong Ming Enterprise Co and its competitors. According to the industry distribution chart, Tong Ming Enterprise Co ranks #405 out of 655 companies in the Steel industry, placing it in the top 61.8%.
Is Tong Ming Enterprise Co's 14-Day RSI too high?
Tong Ming Enterprise Co's current 14-Day RSI is 52.04. The Steel industry median 14-Day RSI is 48.68. Tong Ming Enterprise Co's value of 52.04 is 6.9% above this industry median. Based on the distribution chart, Tong Ming Enterprise Co ranks #405 out of 655 companies in the Steel industry, which is below the industry midpoint. Overall, Tong Ming Enterprise Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's 14-Day RSI compare to NUE and STLD?
According to the Steel industry distribution chart, Tong Ming Enterprise Co ranks #405 out of 655 companies for 14-Day RSI. This places Tong Ming Enterprise Co in the lower half of its industry. The industry median 14-Day RSI is 48.68. Tong Ming Enterprise Co's value of 52.04 is 6.9% 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 48.68, 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. Tong Ming Enterprise Co's current 14-Day RSI of 52.04 is 6.9% 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 Tong Ming Enterprise Co and its competitors. For the Steel industry, the median 14-Day RSI is 48.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Ming Enterprise Co's current 14-Day RSI is 52.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$30.75, compared to a current price of NT$34.05 — trading 10.7% above its estimated fair value. The current 14-Day RSI is 52.04 and 6.9% above the Steel industry median of 48.68. Tong Ming Enterprise Co's overall GF Score™ is 79/100 with 4 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 Tong Ming Enterprise Co (TPE:5538), the current 14-Day RSI is 52.04 as of Aug. 04, 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 Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued.
The current stock price of NT$34.05 is trading 10.7% above its estimated GF Value™ of NT$30.75.
GuruFocus considers Tong Ming Enterprise Co to be Modestly Overvalued.
Key valuation signals for TPE:5538:
14-Day RSI: 52.04
GF Value™: NT$30.75 vs. price of NT$34.05 (10.7% above fair value)
Industry Position: 6.9% above the Steel median (#405 of 655)
No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
79GF Score
Get the complete analysis for TPE:5538
14-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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