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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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
Canara HSBC Life Insurance Co (BOM:544583) 9-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. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.
Canara HSBC Life Insurance Co 9-Day RSI Related Terms
BOM:544583 vs AFL, MET, PRU: 9-Day RSI Comparison
For the Insurance - Life subindustry, Canara HSBC Life Insurance Co's 9-Day RSI, along with its competitors' market caps and 9-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.
Canara HSBC Life Insurance Co 9-Day RSI vs Insurance Industry
For the Insurance industry and Financial Services sector, Canara HSBC Life Insurance Co's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Canara HSBC Life Insurance Co's 9-Day RSI falls into.
Canara HSBC Life Insurance Co (BOM:544583) 9-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.
Canara HSBC Life Insurance Co (BOM:544583) has a 9-Day RSI of 49.35 as of Aug. 16, 2026. According to the industry distribution chart, Canara HSBC Life Insurance Co ranks #249 out of 590 companies in the Insurance industry, placing it in the top 42.2%.
Is Canara HSBC Life Insurance Co's 9-Day RSI too high?
Canara HSBC Life Insurance Co's current 9-Day RSI is 49.35. The Insurance industry median 9-Day RSI is 52.09. Canara HSBC Life Insurance Co's value of 49.35 is 5.3% below this industry median. Based on the distribution chart, Canara HSBC Life Insurance Co ranks #249 out of 590 companies in the Insurance industry, which is above the industry midpoint. Overall, Canara HSBC Life Insurance Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Canara HSBC Life Insurance Co's 9-Day RSI compare to AFL and MET?
According to the Insurance industry distribution chart, Canara HSBC Life Insurance Co ranks #249 out of 590 companies for 9-Day RSI. This puts Canara HSBC Life Insurance Co in the upper half of its industry. The industry median 9-Day RSI is 52.09. Canara HSBC Life Insurance Co's value of 49.35 is 5.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 9-Day RSI for an Insurance company?
The median 9-Day RSI among Insurance companies is 52.09, based on 590 companies in the industry. Companies in the top quartile (top 25%) have a 9-Day RSI significantly above this median, while those in the bottom quartile fall well below. However, 9-Day RSI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canara HSBC Life Insurance Co's current 9-Day RSI of 49.35 is 5.3% below 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 9-Day RSI mean?
A high 9-Day RSI can signal that a stock is expensive relative to its fundamentals. For the Insurance industry, the median 9-Day RSI is 52.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canara HSBC Life Insurance Co's current 9-Day RSI is 49.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canara HSBC Life Insurance Co stock overvalued right now?
Canara HSBC Life Insurance Co (BOM:544583) has a current 9-Day RSI of 49.35. The current 9-Day RSI is 49.35 and 5.3% below the Insurance industry median of 52.09. Canara HSBC Life Insurance Co's overall GF Score™ is 14/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 9-Day RSI calculated?
9-Day RSI is calculated from a company's financial statements. For Canara HSBC Life Insurance Co (BOM:544583), the current 9-Day RSI is 49.35 as of Aug. 16, 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.
Canara HSBC Life Insurance Co Ltd is a life insurance provider in India. The company offers a wide range of life insurance products, including term plans, health plans, credit life, and employee benefits. It focuses on customizable coverage with options for affordable premiums, flexible payment terms, and multiple benefit payment modes. Canara HSBC Life Insurance operates through a wide network of branches and aims to provide financial security and tax benefits to its customers. The company maintains a robust claim settlement track record, emphasizing reliability and customer service.
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