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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.
The industry rank for Matin Spinning Mills's 9-Day RSI or its related term are showing as below:
DHA:MATINSPINN's 9-Day RSI is ranked worse than 81.91% of 1161
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 48.02
vs DHA:MATINSPINN: 61.70
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.
For the Textile Manufacturing subindustry, Matin Spinning Mills'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.
Matin Spinning Mills 9-Day RSI vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Matin Spinning Mills's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Matin Spinning Mills's 9-Day RSI falls into.
* 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.
Matin Spinning Mills (DHA:MATINSPINN) has a 9-Day RSI of 61.70 as of Jul. 16, 2026. According to the industry distribution chart, Matin Spinning Mills ranks #951 out of 1161 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 81.9%.
Is Matin Spinning Mills' 9-Day RSI too high?
Matin Spinning Mills' current 9-Day RSI is 61.70. The Manufacturing - Apparel & Accessories industry median 9-Day RSI is 48.02. Matin Spinning Mills' value of 61.70 is 28.5% above this industry median. Based on the distribution chart, Matin Spinning Mills ranks #951 out of 1161 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Matin Spinning Mills has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Matin Spinning Mills' 9-Day RSI compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Matin Spinning Mills ranks #951 out of 1161 companies for 9-Day RSI. This places Matin Spinning Mills in the lower half of its industry. The industry median 9-Day RSI is 48.02. Matin Spinning Mills' value of 61.70 is 28.5% 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 48.02, based on 1,161 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. Matin Spinning Mills's current 9-Day RSI of 61.70 is 28.5% 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 48.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matin Spinning Mills's current 9-Day RSI is 61.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matin Spinning Mills stock overvalued right now?
Based on GuruFocus' analysis, Matin Spinning Mills (DHA:MATINSPINN) is currently considered Fairly Valued. The stock's GF Value™ is BDT54.01, compared to a current price of BDT58.00 — trading 7.4% above its estimated fair value. The current 9-Day RSI is 61.70 and 28.5% above the Manufacturing - Apparel & Accessories industry median of 48.02. Matin Spinning Mills' overall GF Score™ is 95/100 with 12 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 Matin Spinning Mills (DHA:MATINSPINN), the current 9-Day RSI is 61.70 as of Jul. 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.
Is Matin Spinning Mills (DHA:MATINSPINN) Overvalued in 2026?
Based on GuruFocus' analysis, Matin Spinning Mills stock appears to be overvalued.
The current stock price of BDT58.00 is trading 7.4% above its estimated GF Value™ of BDT54.01.
GuruFocus considers Matin Spinning Mills to be Fairly Valued.
Key valuation signals for DHA:MATINSPINN:
9-Day RSI: 61.70
GF Value™: BDT54.01 vs. price of BDT58.00 (7.4% above fair value)
Industry Position: 28.5% above the Manufacturing - Apparel & Accessories median (#951 of 1161)
No single metric tells the full story. See the DHA:MATINSPINN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matin Spinning Mills PLC manufactures and sells all types of cotton, viscose, polyester, melange, and their blends in Bangladesh. The company's manufacturing plant is located in Sardagonj, Dhaka, Bangladesh. Its products include regular yarn, sustainable yarn, melange yarn, slub yarn, blended yarn, injected yarn, neppy yarn, siro yarn, snow yarn, and post-spinning facilities and services.
95GF Score
Get the complete analysis for DHA:MATINSPINN
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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