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.
NSE:CONFIPET's 9-Day RSI is ranked worse than 71.46% of 1051
companies
in the Oil & Gas industry
Industry Median: 44.41
vs NSE:CONFIPET: 52.03
Confidence Petroleum India (NSE:CONFIPET) 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.
Confidence Petroleum India 9-Day RSI Related Terms
NSE:CONFIPET vs VLO, MPC, PSX: 9-Day RSI Comparison
For the Oil & Gas Refining & Marketing subindustry, Confidence Petroleum India'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.
Confidence Petroleum India 9-Day RSI vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Confidence Petroleum India's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Confidence Petroleum India's 9-Day RSI falls into.
Confidence Petroleum India (NSE:CONFIPET) 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.
Confidence Petroleum India (NSE:CONFIPET) has a 9-Day RSI of 52.03 as of Jul. 07, 2026. According to the industry distribution chart, Confidence Petroleum India ranks #751 out of 1051 companies in the Oil & Gas industry, placing it in the top 71.5%.
Is Confidence Petroleum India's 9-Day RSI too high?
Confidence Petroleum India's current 9-Day RSI is 52.03. The Oil & Gas industry median 9-Day RSI is 44.41. Confidence Petroleum India's value of 52.03 is 17.2% above this industry median. Based on the distribution chart, Confidence Petroleum India ranks #751 out of 1051 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Confidence Petroleum India has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Confidence Petroleum India's 9-Day RSI compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Confidence Petroleum India ranks #751 out of 1051 companies for 9-Day RSI. This places Confidence Petroleum India in the lower half of its industry. The industry median 9-Day RSI is 44.41. Confidence Petroleum India's value of 52.03 is 17.2% 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 Oil & Gas company?
The median 9-Day RSI among Oil & Gas companies is 44.41, based on 1,051 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. Confidence Petroleum India's current 9-Day RSI of 52.03 is 17.2% 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 Oil & Gas industry, the median 9-Day RSI is 44.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Confidence Petroleum India's current 9-Day RSI is 52.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Confidence Petroleum India stock overvalued right now?
Based on GuruFocus' analysis, Confidence Petroleum India (NSE:CONFIPET) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹126.77, compared to a current price of ₹72.97 — trading 42.4% below its estimated fair value. The current 9-Day RSI is 52.03 and 17.2% above the Oil & Gas industry median of 44.41. Confidence Petroleum India's overall GF Score™ is 87/100 with 8 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 Confidence Petroleum India (NSE:CONFIPET), the current 9-Day RSI is 52.03 as of Jul. 07, 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 Confidence Petroleum India (NSE:CONFIPET) Overvalued in 2026?
Based on GuruFocus' analysis, Confidence Petroleum India stock appears to be undervalued.
The current stock price of ₹72.97 is trading 42.4% below its estimated GF Value™ of ₹126.77.
GuruFocus considers Confidence Petroleum India to be Significantly Undervalued.
Key valuation signals for NSE:CONFIPET:
9-Day RSI: 52.03
GF Value™: ₹126.77 vs. price of ₹72.97 (42.4% below fair value)
Industry Position: 17.2% above the Oil & Gas median (#751 of 1051)
No single metric tells the full story. See the NSE:CONFIPET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Confidence Petroleum India Ltd is an Indian manufacturer of LPG (liquefied petroleum gas) Cylinders. The company provides CNG (Compressed Natural Gas) and high-pressure cylinders, LPG cylinders, LPG bottling services, and others. Its segments are the Cylinder Division and LPG Division, of which key revenue is derived from the LPG Division which involves LPG marketing and bottling business and other related activities.
87GF Score
Get the complete analysis for NSE:CONFIPET
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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