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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.
NSE:IREDA's 9-Day RSI is ranked better than 81.18% of 574
companies
in the Credit Services industry
Industry Median: 51.56
vs NSE:IREDA: 38.08
Indian Renewable Energy Development Agency (NSE:IREDA) 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.
Indian Renewable Energy Development Agency 9-Day RSI Related Terms
NSE:IREDA vs V, MA, AXP: 9-Day RSI Comparison
For the Credit Services subindustry, Indian Renewable Energy Development Agency'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.
Indian Renewable Energy Development Agency 9-Day RSI vs Credit Services Industry
Indian Renewable Energy Development Agency (NSE:IREDA) 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.
Indian Renewable Energy Development Agency (NSE:IREDA) has a 9-Day RSI of 38.08 as of Jul. 22, 2026. According to the industry distribution chart, Indian Renewable Energy Development Agency ranks #108 out of 574 companies in the Credit Services industry, placing it in the top 18.8%.
Is Indian Renewable Energy Development Agency's 9-Day RSI too high?
Indian Renewable Energy Development Agency's current 9-Day RSI is 38.08. The Credit Services industry median 9-Day RSI is 51.56. Indian Renewable Energy Development Agency's value of 38.08 is 26.1% below this industry median. Based on the distribution chart, Indian Renewable Energy Development Agency ranks #108 out of 574 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Renewable Energy Development Agency has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Indian Renewable Energy Development Agency's 9-Day RSI compare to V and MA?
According to the Credit Services industry distribution chart, Indian Renewable Energy Development Agency ranks #108 out of 574 companies for 9-Day RSI. This places Indian Renewable Energy Development Agency in the top 19% of its industry — outperforming the majority of peers. The industry median 9-Day RSI is 51.56. Indian Renewable Energy Development Agency's value of 38.08 is 26.1% 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 Credit Services company?
The median 9-Day RSI among Credit Services companies is 51.56, based on 574 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. Indian Renewable Energy Development Agency's current 9-Day RSI of 38.08 is 26.1% 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 Credit Services industry, the median 9-Day RSI is 51.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Renewable Energy Development Agency's current 9-Day RSI is 38.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Renewable Energy Development Agency stock overvalued right now?
Indian Renewable Energy Development Agency (NSE:IREDA) has a current 9-Day RSI of 38.08. The current 9-Day RSI is 38.08 and 26.1% below the Credit Services industry median of 51.56. Indian Renewable Energy Development Agency's overall GF Score™ is 35/100 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 Indian Renewable Energy Development Agency (NSE:IREDA), the current 9-Day RSI is 38.08 as of Jul. 22, 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.
Indian Renewable Energy Development Agency Business Description
Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. The company operates in two segments: Financing activities in the Renewable Energy (RE) & Energy Efficiency (EE) sector and Generation of power through Solar Plant operations at Kasaragod, Kerala. Majority revenue for the company is genetrated from the segment of financing activities in the RE EE sector.
35GF Score
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