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 Tamilnad Mercantile Bank's 9-Day RSI or its related term are showing as below:
NSE:TMB's 9-Day RSI is ranked worse than 57.17% of 1604
companies
in the Banks industry
Industry Median: 53.8
vs NSE:TMB: 67.02
Tamilnad Mercantile Bank (NSE:TMB) 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.
Tamilnad Mercantile Bank 9-Day RSI Related Terms
Tamilnad Mercantile Bank 9-Day RSI Competitor Comparison
For the Banks - Regional subindustry, Tamilnad Mercantile Bank'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.
Tamilnad Mercantile Bank 9-Day RSI vs Banks Industry
For the Banks industry and Financial Services sector, Tamilnad Mercantile Bank's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Tamilnad Mercantile Bank's 9-Day RSI falls into.
Tamilnad Mercantile Bank (NSE:TMB) 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.
Tamilnad Mercantile Bank (NSE:TMB) has a 9-Day RSI of 67.02 as of Jul. 11, 2026. According to the industry distribution chart, Tamilnad Mercantile Bank ranks #917 out of 1604 companies in the Banks industry, placing it in the top 57.2%.
Is Tamilnad Mercantile Bank's 9-Day RSI too high?
Tamilnad Mercantile Bank's current 9-Day RSI is 67.02. The Banks industry median 9-Day RSI is 53.80. Tamilnad Mercantile Bank's value of 67.02 is 24.6% above this industry median. Based on the distribution chart, Tamilnad Mercantile Bank ranks #917 out of 1604 companies in the Banks industry, which is below the industry midpoint. Overall, Tamilnad Mercantile Bank has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tamilnad Mercantile Bank's 9-Day RSI compare to competitors?
According to the Banks industry distribution chart, Tamilnad Mercantile Bank ranks #917 out of 1604 companies for 9-Day RSI. This places Tamilnad Mercantile Bank in the lower half of its industry. The industry median 9-Day RSI is 53.80. Tamilnad Mercantile Bank's value of 67.02 is 24.6% 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 a Banks company?
The median 9-Day RSI among Banks companies is 53.80, based on 1,604 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. Tamilnad Mercantile Bank's current 9-Day RSI of 67.02 is 24.6% 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 Banks industry, the median 9-Day RSI is 53.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tamilnad Mercantile Bank's current 9-Day RSI is 67.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamilnad Mercantile Bank stock overvalued right now?
Based on GuruFocus' analysis, Tamilnad Mercantile Bank (NSE:TMB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹561.03, compared to a current price of ₹801.60 — trading 42.9% above its estimated fair value. The current 9-Day RSI is 67.02 and 24.6% above the Banks industry median of 53.80. Tamilnad Mercantile Bank's overall GF Score™ is 57/100 with 5 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 Tamilnad Mercantile Bank (NSE:TMB), the current 9-Day RSI is 67.02 as of Jul. 11, 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 Tamilnad Mercantile Bank (NSE:TMB) Overvalued in 2026?
Based on GuruFocus' analysis, Tamilnad Mercantile Bank stock appears to be overvalued.
The current stock price of ₹801.60 is trading 42.9% above its estimated GF Value™ of ₹561.03.
GuruFocus considers Tamilnad Mercantile Bank to be Significantly Overvalued.
Key valuation signals for NSE:TMB:
9-Day RSI: 67.02
GF Value™: ₹561.03 vs. price of ₹801.60 (42.9% above fair value)
Industry Position: 24.6% above the Banks median (#917 of 1604)
No single metric tells the full story. See the NSE:TMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tamilnad Mercantile Bank Ltd is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business. The company has a portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. The segments of the bank are Treasury, Corporate and Wholesale banking, Retail banking, and Other banking Operations. It generates the majority of its revenue from the Retail banking segment.
57GF Score
Get the complete analysis for NSE:TMB
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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