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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 industry rank for Abha Power and Steel's 9-Day RSI or its related term are showing as below:
NSE:ABHAPOWER's 9-Day RSI is ranked better than 92.65% of 653
companies
in the Steel industry
Industry Median: 46.17
vs NSE:ABHAPOWER: 26.00
Abha Power and Steel (NSE:ABHAPOWER) 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.
Abha Power and Steel 9-Day RSI Related Terms
NSE:ABHAPOWER vs NUE, STLD, RS: 9-Day RSI Comparison
For the Steel subindustry, Abha Power and Steel'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.
Abha Power and Steel 9-Day RSI vs Steel Industry
For the Steel industry and Basic Materials sector, Abha Power and Steel's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Abha Power and Steel's 9-Day RSI falls into.
Abha Power and Steel (NSE:ABHAPOWER) 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.
Abha Power and Steel (NSE:ABHAPOWER) has a 9-Day RSI of 26.00 as of Jul. 23, 2026. According to the industry distribution chart, Abha Power and Steel ranks #48 out of 653 companies in the Steel industry, placing it in the top 7.4%.
Is Abha Power and Steel's 9-Day RSI too high?
Abha Power and Steel's current 9-Day RSI is 26.00. The Steel industry median 9-Day RSI is 46.17. Abha Power and Steel's value of 26.00 is 43.7% below this industry median. Based on the distribution chart, Abha Power and Steel ranks #48 out of 653 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Abha Power and Steel has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Abha Power and Steel's 9-Day RSI compare to NUE and STLD?
According to the Steel industry distribution chart, Abha Power and Steel ranks #48 out of 653 companies for 9-Day RSI. This places Abha Power and Steel in the top 7% of its industry — outperforming the majority of peers. The industry median 9-Day RSI is 46.17. Abha Power and Steel's value of 26.00 is 43.7% 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 46.17, 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. Abha Power and Steel's current 9-Day RSI of 26.00 is 43.7% 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 46.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abha Power and Steel's current 9-Day RSI is 26.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abha Power and Steel stock overvalued right now?
Abha Power and Steel (NSE:ABHAPOWER) has a current 9-Day RSI of 26.00. The current 9-Day RSI is 26.00 and 43.7% below the Steel industry median of 46.17. Abha Power and Steel's overall GF Score™ is 12/100 with 3 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 Abha Power and Steel (NSE:ABHAPOWER), the current 9-Day RSI is 26.00 as of Jul. 23, 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.
Abha Power and Steel Ltd is engaged in the business of iron and steel foundry, particularly in casting and manufacturing customized products in mostly all grades of iron and steel. Its versatile product portfolio covers all grades of mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low alloy and high alloy castings (high CR & high Ni), HRCS & WRCS, from as small as 0.5 Kgs to 6 Tonnes single finished casting.
12GF Score
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