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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.
SHSE:600062's 9-Day RSI is ranked worse than 61.44% of 1045
companies
in the Drug Manufacturers industry
Industry Median: 48.43
vs SHSE:600062: 52.24
China Resources Double-Crane Pharmaceutical Co (SHSE:600062) 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.
China Resources Double-Crane Pharmaceutical Co 9-Day RSI Related Terms
SHSE:600062 vs ZTS, UTHR: 9-Day RSI Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, China Resources Double-Crane Pharmaceutical Co'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.
China Resources Double-Crane Pharmaceutical Co 9-Day RSI vs Drug Manufacturers Industry
China Resources Double-Crane Pharmaceutical Co (SHSE:600062) 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.
China Resources Double-Crane Pharmaceutical Co (SHSE:600062) has a 9-Day RSI of 52.24 as of Jul. 20, 2026. According to the industry distribution chart, China Resources Double-Crane Pharmaceutical Co ranks #642 out of 1045 companies in the Drug Manufacturers industry, placing it in the top 61.4%.
Is China Resources Double-Crane Pharmaceutical Co's 9-Day RSI too high?
China Resources Double-Crane Pharmaceutical Co's current 9-Day RSI is 52.24. The Drug Manufacturers industry median 9-Day RSI is 48.43. China Resources Double-Crane Pharmaceutical Co's value of 52.24 is 7.9% above this industry median. Based on the distribution chart, China Resources Double-Crane Pharmaceutical Co ranks #642 out of 1045 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, China Resources Double-Crane Pharmaceutical Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Resources Double-Crane Pharmaceutical Co's 9-Day RSI compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, China Resources Double-Crane Pharmaceutical Co ranks #642 out of 1045 companies for 9-Day RSI. This places China Resources Double-Crane Pharmaceutical Co in the lower half of its industry. The industry median 9-Day RSI is 48.43. China Resources Double-Crane Pharmaceutical Co's value of 52.24 is 7.9% 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 Drug Manufacturers company?
The median 9-Day RSI among Drug Manufacturers companies is 48.43, based on 1,045 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. China Resources Double-Crane Pharmaceutical Co's current 9-Day RSI of 52.24 is 7.9% 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 Drug Manufacturers industry, the median 9-Day RSI is 48.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Double-Crane Pharmaceutical Co's current 9-Day RSI is 52.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Double-Crane Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, China Resources Double-Crane Pharmaceutical Co (SHSE:600062) is currently considered Fairly Valued. The stock's GF Value™ is ¥18.81, compared to a current price of ¥17.30 — trading 8% below its estimated fair value. The current 9-Day RSI is 52.24 and 7.9% above the Drug Manufacturers industry median of 48.43. China Resources Double-Crane Pharmaceutical Co's overall GF Score™ is 89/100 with 4 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 China Resources Double-Crane Pharmaceutical Co (SHSE:600062), the current 9-Day RSI is 52.24 as of Jul. 20, 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 China Resources Double-Crane Pharmaceutical Co (SHSE:600062) Overvalued in 2026?
Based on GuruFocus' analysis, China Resources Double-Crane Pharmaceutical Co stock appears to be undervalued.
The current stock price of ¥17.30 is trading 8% below its estimated GF Value™ of ¥18.81.
GuruFocus considers China Resources Double-Crane Pharmaceutical Co to be Fairly Valued.
Key valuation signals for SHSE:600062:
9-Day RSI: 52.24
GF Value™: ¥18.81 vs. price of ¥17.30 (8% below fair value)
Industry Position: 7.9% above the Drug Manufacturers median (#642 of 1045)
No single metric tells the full story. See the SHSE:600062 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Resources Double-Crane Pharmaceutical Co Business Description
China Resources Double-Crane Pharmaceutical Co Ltd is a China-based pharmaceutical company. It is engaged in developing, manufacturing and marketing a variety of medical products. The company's products cover different fields such as infusion field, cardiovascular and cerebrovascular fields, pediatrics, endocrine field and other areas.
89GF Score
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