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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.
As of today (2026-08-06), Mercantile Bank's 9-Day RSI is 41.02.
The industry rank for Mercantile Bank's 9-Day RSI or its related term are showing as below:
DHA:MERCANBANK's 9-Day RSI is ranked better than 86.53% of 1604
companies
in the Banks industry
Industry Median: 56.825
vs DHA:MERCANBANK: 41.02
Mercantile Bank (DHA:MERCANBANK) 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.
Mercantile Bank 9-Day RSI Related Terms
Mercantile Bank 9-Day RSI Competitor Comparison
For the Banks - Regional subindustry, Mercantile Bank'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.
Mercantile Bank 9-Day RSI vs Banks Industry
For the Banks industry and Financial Services sector, Mercantile Bank's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Mercantile Bank's 9-Day RSI falls into.
Mercantile Bank (DHA:MERCANBANK) 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.
Mercantile Bank (DHA:MERCANBANK) has a 9-Day RSI of 41.02 as of Aug. 06, 2026. According to the industry distribution chart, Mercantile Bank ranks #216 out of 1604 companies in the Banks industry, placing it in the top 13.5%.
Is Mercantile Bank's 9-Day RSI too high?
Mercantile Bank's current 9-Day RSI is 41.02. The Banks industry median 9-Day RSI is 56.83. Mercantile Bank's value of 41.02 is 27.8% below this industry median. Based on the distribution chart, Mercantile Bank ranks #216 out of 1604 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Mercantile Bank has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercantile Bank's 9-Day RSI compare to competitors?
According to the Banks industry distribution chart, Mercantile Bank ranks #216 out of 1604 companies for 9-Day RSI. This places Mercantile Bank in the top 14% of its industry — outperforming the majority of peers. The industry median 9-Day RSI is 56.83. Mercantile Bank's value of 41.02 is 27.8% 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 a Banks company?
The median 9-Day RSI among Banks companies is 56.83, based on 1,604 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. Mercantile Bank's current 9-Day RSI of 41.02 is 27.8% 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 Banks industry, the median 9-Day RSI is 56.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercantile Bank's current 9-Day RSI is 41.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Bank stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Bank (DHA:MERCANBANK) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT8.33, compared to a current price of BDT7.40 — trading 11.2% below its estimated fair value. The current 9-Day RSI is 41.02 and 27.8% below the Banks industry median of 56.83. Mercantile Bank's overall GF Score™ is 68/100 with 3 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 Mercantile Bank (DHA:MERCANBANK), the current 9-Day RSI is 41.02 as of Aug. 06, 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 Mercantile Bank (DHA:MERCANBANK) Overvalued in 2026?
Based on GuruFocus' analysis, Mercantile Bank stock appears to be undervalued.
The current stock price of BDT7.40 is trading 11.2% below its estimated GF Value™ of BDT8.33.
GuruFocus considers Mercantile Bank to be Modestly Undervalued.
Key valuation signals for DHA:MERCANBANK:
9-Day RSI: 41.02
GF Value™: BDT8.33 vs. price of BDT7.40 (11.2% below fair value)
Industry Position: 27.8% below the Banks median (#216 of 1604)
No single metric tells the full story. See the DHA:MERCANBANK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercantile Bank PLC is a commercial bank that engages in providing banking and financial services. It offers a range of services such as SME financing, Retail Banking, Corporate Banking, Foreign Trade, NRB banking, Treasury instruments services, and E-banking, among others. Its operating segments comprise Commercial Banking including Off-shore Banking Units, Islamic Banking Window Operations, Mercantile Bank Securities Limited; MBL Assets Management Limited, and Mercantile Exchange House (UK) Ltd.
68GF Score
Get the complete analysis for DHA:MERCANBANK
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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