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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 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.
Mishra Dhatu Nigam 9-Day RSI Related Terms
NSE:MIDHANI vs NUE, STLD, RS: 9-Day RSI Comparison
For the Steel subindustry, Mishra Dhatu Nigam'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.
Mishra Dhatu Nigam 9-Day RSI vs Steel Industry
For the Steel industry and Basic Materials sector, Mishra Dhatu Nigam's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Mishra Dhatu Nigam's 9-Day RSI falls into.
* 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.
Mishra Dhatu Nigam (NSE:MIDHANI) has a 9-Day RSI of 42.12 as of Aug. 03, 2026. According to the industry distribution chart, Mishra Dhatu Nigam ranks #193 out of 654 companies in the Steel industry, placing it in the top 29.5%.
Is Mishra Dhatu Nigam's 9-Day RSI too high?
Mishra Dhatu Nigam's current 9-Day RSI is 42.12. The Steel industry median 9-Day RSI is 48.69. Mishra Dhatu Nigam's value of 42.12 is 13.5% below this industry median. Based on the distribution chart, Mishra Dhatu Nigam ranks #193 out of 654 companies in the Steel industry, which is above the industry midpoint. Overall, Mishra Dhatu Nigam has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mishra Dhatu Nigam's 9-Day RSI compare to NUE and STLD?
According to the Steel industry distribution chart, Mishra Dhatu Nigam ranks #193 out of 654 companies for 9-Day RSI. This puts Mishra Dhatu Nigam in the upper half of its industry. The industry median 9-Day RSI is 48.69. Mishra Dhatu Nigam's value of 42.12 is 13.5% 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 48.69, based on 654 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. Mishra Dhatu Nigam's current 9-Day RSI of 42.12 is 13.5% 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 48.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mishra Dhatu Nigam's current 9-Day RSI is 42.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mishra Dhatu Nigam stock overvalued right now?
Based on GuruFocus' analysis, Mishra Dhatu Nigam (NSE:MIDHANI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹469.29, compared to a current price of ₹396.00 — trading 15.6% below its estimated fair value. The current 9-Day RSI is 42.12 and 13.5% below the Steel industry median of 48.69. Mishra Dhatu Nigam's overall GF Score™ is 82/100 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 Mishra Dhatu Nigam (NSE:MIDHANI), the current 9-Day RSI is 42.12 as of Aug. 03, 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 Mishra Dhatu Nigam (NSE:MIDHANI) Overvalued in 2026?
Based on GuruFocus' analysis, Mishra Dhatu Nigam stock appears to be undervalued.
The current stock price of ₹396.00 is trading 15.6% below its estimated GF Value™ of ₹469.29.
GuruFocus considers Mishra Dhatu Nigam to be Modestly Undervalued.
Key valuation signals for NSE:MIDHANI:
9-Day RSI: 42.12
GF Value™: ₹469.29 vs. price of ₹396.00 (15.6% below fair value)
Industry Position: 13.5% below the Steel median (#193 of 654)
No single metric tells the full story. See the NSE:MIDHANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mishra Dhatu Nigam Ltd is engaged in the business of manufacturing superalloys, titanium, special purpose steel, and other special metals. Its product portfolio includes titanium and titanium alloys, special steel, fasteners, investment castings, open-die forgings, and others. Geographically, the company caters to both Indian and international markets, of which, a majority of its revenue is derived from its business in India.
82GF Score
Get the complete analysis for NSE:MIDHANI
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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