Fortune Shoes (DHA:FORTUNE) 9-Day RSI: 87.14 (As of Jul. 15, 2026)

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DHA:FORTUNE Fortune Shoes Ltd DHA:FORTUNE
28 GF Score
Price BDT20.70
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What is Fortune Shoes 9-Day RSI?

Fortune Shoes DHA:FORTUNE +6.15% 28 9-Day RSI is 87.14 as of Jul. 15, 2026. GuruFocus rates DHA:FORTUNE with a GF Score™ of 28/100. Among 1,160 Manufacturing - Apparel & Accessories companies, Fortune Shoes ranks worse than 97.33% on this metric.

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.

As of today (2026-07-15), Fortune Shoes's 9-Day RSI is 87.14.

The industry rank for Fortune Shoes's 9-Day RSI or its related term are showing as below:

DHA:FORTUNE's 9-Day RSI is ranked worse than
97.33% of 1160 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 46.46 vs DHA:FORTUNE: 87.14

Fortune Shoes  (DHA:FORTUNE) 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.


Fortune Shoes 9-Day RSI Related Terms


Fortune Shoes 9-Day RSI Competitor Comparison

For the Footwear & Accessories subindustry, Fortune Shoes'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.


Fortune Shoes 9-Day RSI vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fortune Shoes's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Fortune Shoes's 9-Day RSI falls into.


DHA:FORTUNE
28GF Score
Fortune Shoes Ltd DHA:FORTUNE
9-Day RSI is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortune Shoes  (DHA:FORTUNE) 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.

Frequently Asked Questions Learn more about 9-Day RSI →
What does a 9-Day RSI of 87.14 mean?
Fortune Shoes (DHA:FORTUNE) has a 9-Day RSI of 87.14 as of Jul. 15, 2026. According to the industry distribution chart, Fortune Shoes ranks #1129 out of 1160 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 97.3%.
Is Fortune Shoes' 9-Day RSI too high?
Fortune Shoes' current 9-Day RSI is 87.14. The Manufacturing - Apparel & Accessories industry median 9-Day RSI is 46.46. Fortune Shoes' value of 87.14 is 87.6% above this industry median. Based on the distribution chart, Fortune Shoes ranks #1129 out of 1160 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Fortune Shoes has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Fortune Shoes' 9-Day RSI compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fortune Shoes ranks #1129 out of 1160 companies for 9-Day RSI. This places Fortune Shoes in the lower half of its industry. The industry median 9-Day RSI is 46.46. Fortune Shoes' value of 87.14 is 87.6% 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 9-Day RSI for a Manufacturing - Apparel & Accessories company?
The median 9-Day RSI among Manufacturing - Apparel & Accessories companies is 46.46, based on 1,160 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. Fortune Shoes's current 9-Day RSI of 87.14 is 87.6% 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 9-Day RSI mean?
A high 9-Day RSI can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median 9-Day RSI is 46.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortune Shoes's current 9-Day RSI is 87.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortune Shoes stock overvalued right now?
Fortune Shoes (DHA:FORTUNE) has a current 9-Day RSI of 87.14. The current 9-Day RSI is 87.14 and 87.6% above the Manufacturing - Apparel & Accessories industry median of 46.46. Fortune Shoes' overall GF Score™ is 28/100. 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 Fortune Shoes (DHA:FORTUNE), the current 9-Day RSI is 87.14 as of Jul. 15, 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.

Fortune Shoes Business Description

Address Road No. 08, Plot No. 34 & 36, Block E, Suite C-3, Moon Island, Gulshan-1, Niketon, Dhaka, BGD, 1212
Fortune Shoes Ltd is engaged in manufacturing and exporting leather shoes and footwear.
28GF Score

Get the complete analysis for DHA:FORTUNE

9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT20.70
Price