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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.
Million Hope Industries Holdings (HKSE:01897) 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.
Million Hope Industries Holdings 9-Day RSI Related Terms
HKSE:01897 vs TT, JCI, CARR: 9-Day RSI Comparison
For the Building Products & Equipment subindustry, Million Hope Industries Holdings'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.
Million Hope Industries Holdings 9-Day RSI vs Construction Industry
For the Construction industry and Industrials sector, Million Hope Industries Holdings's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Million Hope Industries Holdings's 9-Day RSI falls into.
Million Hope Industries Holdings (HKSE:01897) 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.
Million Hope Industries Holdings (HKSE:01897) has a 9-Day RSI of 7.62 as of Sep. 09, 2026. According to the industry distribution chart, Million Hope Industries Holdings ranks #17 out of 1896 companies in the Construction industry, placing it in the top 0.90000000000001%.
Is Million Hope Industries Holdings' 9-Day RSI too high?
Million Hope Industries Holdings' current 9-Day RSI is 7.62. The Construction industry median 9-Day RSI is 49.43. Million Hope Industries Holdings' value of 7.62 is 84.6% below this industry median. Based on the distribution chart, Million Hope Industries Holdings ranks #17 out of 1896 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Million Hope Industries Holdings has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Million Hope Industries Holdings' 9-Day RSI compare to TT and JCI?
According to the Construction industry distribution chart, Million Hope Industries Holdings ranks #17 out of 1896 companies for 9-Day RSI. This places Million Hope Industries Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median 9-Day RSI is 49.43. Million Hope Industries Holdings' value of 7.62 is 84.6% 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 Construction company?
The median 9-Day RSI among Construction companies is 49.43, based on 1,896 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. Million Hope Industries Holdings's current 9-Day RSI of 7.62 is 84.6% 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 Construction industry, the median 9-Day RSI is 49.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Million Hope Industries Holdings's current 9-Day RSI is 7.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Million Hope Industries Holdings stock overvalued right now?
Based on GuruFocus' analysis, Million Hope Industries Holdings (HKSE:01897) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$0.44 — trading 91.3% above its estimated fair value. The current 9-Day RSI is 7.62 and 84.6% below the Construction industry median of 49.43. Million Hope Industries Holdings' overall GF Score™ is 50/100 with 7 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 Million Hope Industries Holdings (HKSE:01897), the current 9-Day RSI is 7.62 as of Sep. 09, 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 Million Hope Industries Holdings (HKSE:01897) Overvalued in 2026?
Based on GuruFocus' analysis, Million Hope Industries Holdings stock appears to be overvalued.
The current stock price of HK$0.44 is trading 91.3% above its estimated GF Value™ of HK$0.23.
GuruFocus considers Million Hope Industries Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01897:
9-Day RSI: 7.62
GF Value™: HK$0.23 vs. price of HK$0.44 (91.3% above fair value)
Industry Position: 84.6% below the Construction median (#17 of 1896)
No single metric tells the full story. See the HKSE:01897 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong and Mainland China of which prime revenue is generated from Hong Kong.
50GF Score
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9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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