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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.
HKSE:00987's 9-Day RSI is ranked worse than 63.27% of 550
companies
in the Utilities - Independent Power Producers industry
Industry Median: 46.655
vs HKSE:00987: 55.24
China Renewable Energy Investment (HKSE:00987) 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.
China Renewable Energy Investment 9-Day RSI Related Terms
China Renewable Energy Investment 9-Day RSI Competitor Comparison
For the Utilities - Renewable subindustry, China Renewable Energy Investment'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.
China Renewable Energy Investment 9-Day RSI vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, China Renewable Energy Investment's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where China Renewable Energy Investment's 9-Day RSI falls into.
China Renewable Energy Investment (HKSE:00987) 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.
China Renewable Energy Investment (HKSE:00987) has a 9-Day RSI of 55.24 as of Sep. 08, 2026. According to the industry distribution chart, China Renewable Energy Investment ranks #348 out of 550 companies in the Utilities - Independent Power Producers industry, placing it in the top 63.3%.
Is China Renewable Energy Investment's 9-Day RSI too high?
China Renewable Energy Investment's current 9-Day RSI is 55.24. The Utilities - Independent Power Producers industry median 9-Day RSI is 46.66. China Renewable Energy Investment's value of 55.24 is 18.4% above this industry median. Based on the distribution chart, China Renewable Energy Investment ranks #348 out of 550 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, China Renewable Energy Investment has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Renewable Energy Investment's 9-Day RSI compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, China Renewable Energy Investment ranks #348 out of 550 companies for 9-Day RSI. This places China Renewable Energy Investment in the lower half of its industry. The industry median 9-Day RSI is 46.66. China Renewable Energy Investment's value of 55.24 is 18.4% 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 an Utilities - Independent Power Producers company?
The median 9-Day RSI among Utilities - Independent Power Producers companies is 46.66, based on 550 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. China Renewable Energy Investment's current 9-Day RSI of 55.24 is 18.4% 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 Utilities - Independent Power Producers industry, the median 9-Day RSI is 46.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Renewable Energy Investment's current 9-Day RSI is 55.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Renewable Energy Investment stock overvalued right now?
Based on GuruFocus' analysis, China Renewable Energy Investment (HKSE:00987) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.20 — trading 70% above its estimated fair value. The current 9-Day RSI is 55.24 and 18.4% above the Utilities - Independent Power Producers industry median of 46.66. China Renewable Energy Investment's overall GF Score™ is 42/100 with 5 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 China Renewable Energy Investment (HKSE:00987), the current 9-Day RSI is 55.24 as of Sep. 08, 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 China Renewable Energy Investment (HKSE:00987) Overvalued in 2026?
Based on GuruFocus' analysis, China Renewable Energy Investment stock appears to be overvalued.
The current stock price of HK$0.20 is trading 70% above its estimated GF Value™ of HK$0.12.
GuruFocus considers China Renewable Energy Investment to be Significantly Overvalued.
Key valuation signals for HKSE:00987:
9-Day RSI: 55.24
GF Value™: HK$0.12 vs. price of HK$0.20 (70% above fair value)
Industry Position: 18.4% above the Utilities - Independent Power Producers median (#348 of 550)
No single metric tells the full story. See the HKSE:00987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Renewable Energy Investment Ltd are principally engaged in renewable energy business. The Group has operations mainly in the People's Republic of China. It is an investment holding company. The Group has a single reportable segment which is renewable energy segment. The company's sales of electricity were all generated by the wind power plants and a distributed solar project of the group. Some of its projects are Danjinghe Wind Farm, Changma Wind Farm, Lunaobao Wind Farm, Songxian Wind Farm, Nanxun Distributed Solar Project.
42GF Score
Get the complete analysis for HKSE:00987
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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