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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 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 Insurance - Diversified subindustry, Sonar Bangla Insurance'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.
Sonar Bangla Insurance 9-Day RSI vs Insurance Industry
For the Insurance industry and Financial Services sector, Sonar Bangla Insurance's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Sonar Bangla Insurance'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.
Sonar Bangla Insurance (DHA:SONARBAINS) has a 9-Day RSI of 47.89 as of Jul. 16, 2026. According to the industry distribution chart, Sonar Bangla Insurance ranks #207 out of 591 companies in the Insurance industry, placing it in the top 35%.
Is Sonar Bangla Insurance's 9-Day RSI too high?
Sonar Bangla Insurance's current 9-Day RSI is 47.89. The Insurance industry median 9-Day RSI is 54.69. Sonar Bangla Insurance's value of 47.89 is 12.4% below this industry median. Based on the distribution chart, Sonar Bangla Insurance ranks #207 out of 591 companies in the Insurance industry, which is above the industry midpoint. Overall, Sonar Bangla Insurance has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Sonar Bangla Insurance's 9-Day RSI compare to competitors?
According to the Insurance industry distribution chart, Sonar Bangla Insurance ranks #207 out of 591 companies for 9-Day RSI. This puts Sonar Bangla Insurance in the upper half of its industry. The industry median 9-Day RSI is 54.69. Sonar Bangla Insurance's value of 47.89 is 12.4% 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 54.69, based on 591 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. Sonar Bangla Insurance's current 9-Day RSI of 47.89 is 12.4% 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 54.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sonar Bangla Insurance's current 9-Day RSI is 47.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonar Bangla Insurance stock overvalued right now?
Sonar Bangla Insurance (DHA:SONARBAINS) has a current 9-Day RSI of 47.89. The current 9-Day RSI is 47.89 and 12.4% below the Insurance industry median of 54.69. Sonar Bangla Insurance's overall GF Score™ is 27/100 with 1 warning sign 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 Sonar Bangla Insurance (DHA:SONARBAINS), the current 9-Day RSI is 47.89 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.
Sonar Bangla Insurance Ltd is a Non-life insurance company. The company provides Accident insurance, Motor insurance, Fire insurance, Marine cargo insurance, Marine Hull Insurance, Engineering insurance, and Miscellaneous insurance.
27GF Score
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