Me Lin Steel JSC (HSTC:MEL) 9-Day RSI: 40.06 (As of Jul. 12, 2026)


What is Me Lin Steel JSC 9-Day RSI?

Me Lin Steel JSC HSTC:MEL 9-Day RSI is 40.06 as of Jul. 12, 2026. Among 653 Steel companies, Me Lin Steel JSC ranks better than 70.9% on this metric.

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 (2026-07-12), Me Lin Steel JSC's 9-Day RSI is 40.06.

The industry rank for Me Lin Steel JSC's 9-Day RSI or its related term are showing as below:

HSTC:MEL's 9-Day RSI is ranked better than
70.9% of 653 companies
in the Steel industry
Industry Median: 46.07 vs HSTC:MEL: 40.06

Me Lin Steel JSC  (HSTC:MEL) 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.

Me Lin Steel JSC 9-Day RSI Related Terms

Me Lin Steel JSC 9-Day RSI Competitor Comparison

For the Steel subindustry, Me Lin Steel JSC'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.

Me Lin Steel JSC 9-Day RSI vs Steel Industry

For the Steel industry and Basic Materials sector, Me Lin Steel JSC's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Me Lin Steel JSC's 9-Day RSI falls into.


Me Lin Steel JSC  (HSTC:MEL) 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.

Frequently Asked Questions Learn more about 9-Day RSI →
What does a 9-Day RSI of 40.06 mean?
Me Lin Steel JSC (HSTC:MEL) has a 9-Day RSI of 40.06 as of Jul. 12, 2026. According to the industry distribution chart, Me Lin Steel JSC ranks #190 out of 653 companies in the Steel industry, placing it in the top 29.1%.
Is Me Lin Steel JSC's 9-Day RSI too high?
Me Lin Steel JSC's current 9-Day RSI is 40.06. The Steel industry median 9-Day RSI is 46.07. Me Lin Steel JSC's value of 40.06 is 13% below this industry median. Based on the distribution chart, Me Lin Steel JSC ranks #190 out of 653 companies in the Steel industry, which is above the industry midpoint.
How does Me Lin Steel JSC's 9-Day RSI compare to competitors?
According to the Steel industry distribution chart, Me Lin Steel JSC ranks #190 out of 653 companies for 9-Day RSI. This puts Me Lin Steel JSC in the upper half of its industry. The industry median 9-Day RSI is 46.07. Me Lin Steel JSC's value of 40.06 is 13% 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 Steel company?
The median 9-Day RSI among Steel companies is 46.07, based on 653 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. Me Lin Steel JSC's current 9-Day RSI of 40.06 is 13% 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 Steel industry, the median 9-Day RSI is 46.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Me Lin Steel JSC's current 9-Day RSI is 40.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Me Lin Steel JSC stock overvalued right now?
Me Lin Steel JSC (HSTC:MEL) has a current 9-Day RSI of 40.06. The current 9-Day RSI is 40.06 and 13% below the Steel industry median of 46.07. 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 Me Lin Steel JSC (HSTC:MEL), the current 9-Day RSI is 40.06 as of Jul. 12, 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.

Me Lin Steel JSC Business Description

Address No. 8 Administrative Zone, Dong Da Ward, Vinh Phuc Province, Vinh Yen City, VNM
Me Lin Steel JSC operates in the steel industry. The business activities of the company are processing, manufacturing, trading, importing, and exporting steel products, wholesale of machinery and spare parts, warehousing rental service, and investment in industrial parks, urban areas, and offices.