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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.
Chinaftower International Holding Group (HKSE:08623) 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.
Chinaftower International Holding Group 9-Day RSI Related Terms
HKSE:08623 vs VRT, BE, HUBB: 9-Day RSI Comparison
For the Electrical Equipment & Parts subindustry, Chinaftower International Holding Group'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.
Chinaftower International Holding Group 9-Day RSI vs Industrial Products Industry
Chinaftower International Holding Group (HKSE:08623) 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.
Chinaftower International Holding Group (HKSE:08623) has a 9-Day RSI of 71.15 as of Aug. 31, 2026. According to the industry distribution chart, Chinaftower International Holding Group ranks #2915 out of 3141 companies in the Industrial Products industry, placing it in the top 92.8%.
Is Chinaftower International Holding Group's 9-Day RSI too high?
Chinaftower International Holding Group's current 9-Day RSI is 71.15. The Industrial Products industry median 9-Day RSI is 51.13. Chinaftower International Holding Group's value of 71.15 is 39.2% above this industry median. Based on the distribution chart, Chinaftower International Holding Group ranks #2915 out of 3141 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Chinaftower International Holding Group has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chinaftower International Holding Group's 9-Day RSI compare to VRT and BE?
According to the Industrial Products industry distribution chart, Chinaftower International Holding Group ranks #2915 out of 3141 companies for 9-Day RSI. This places Chinaftower International Holding Group in the lower half of its industry. The industry median 9-Day RSI is 51.13. Chinaftower International Holding Group's value of 71.15 is 39.2% 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 Industrial Products company?
The median 9-Day RSI among Industrial Products companies is 51.13, based on 3,141 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. Chinaftower International Holding Group's current 9-Day RSI of 71.15 is 39.2% 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 Industrial Products industry, the median 9-Day RSI is 51.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chinaftower International Holding Group's current 9-Day RSI is 71.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chinaftower International Holding Group stock overvalued right now?
Based on GuruFocus' analysis, Chinaftower International Holding Group (HKSE:08623) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.09, compared to a current price of HK$0.14 — trading 50% above its estimated fair value. The current 9-Day RSI is 71.15 and 39.2% above the Industrial Products industry median of 51.13. Chinaftower International Holding Group's overall GF Score™ is 35/100 with 4 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 Chinaftower International Holding Group (HKSE:08623), the current 9-Day RSI is 71.15 as of Aug. 31, 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 Chinaftower International Holding Group (HKSE:08623) Overvalued in 2026?
Based on GuruFocus' analysis, Chinaftower International Holding Group stock appears to be overvalued.
The current stock price of HK$0.14 is trading 50% above its estimated GF Value™ of HK$0.09.
GuruFocus considers Chinaftower International Holding Group to be Significantly Overvalued.
Key valuation signals for HKSE:08623:
9-Day RSI: 71.15
GF Value™: HK$0.09 vs. price of HK$0.14 (50% above fair value)
Industry Position: 39.2% above the Industrial Products median (#2915 of 3141)
No single metric tells the full story. See the HKSE:08623 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Saftower International Holding Group Ltd is an investment holding company. Principal activities of the Company are manufacturing and sales of wires and cables, and polymer cable materials. The Group is a regional manufacturer and supplier of wires and cables, with integrated production facilities. The Group has only one operating segment. Its products are Electric Cable (Copper Core PVC Insulated PVC Sheathed Flat Cable); Electric Cable (Aluminum Core PVC Insulated PVC Sheathed Flat Cable); Electrical Wiring and low smoke halogen-free flame-retardant fire-resistant electrical wire; Wire PVC insulated wire; Electric Cable PVC Insulated PVC Sheathed Cable; Electrical Wiring RVS -Copper Core PVC Insulated Stranded Flexible Wire for Connection; etc.
35GF Score
Get the complete analysis for HKSE:08623
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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