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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:600615's 9-Day RSI is ranked better than 84.39% of 3126
companies
in the Industrial Products industry
Industry Median: 41.05
vs SHSE:600615: 41.97
Chongqing Shineray Intelligent Manufacturing Technology Co (SHSE:600615) 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.
Chongqing Shineray Intelligent Manufacturing Technology Co 9-Day RSI Related Terms
SHSE:600615 vs CRS, ATI, MLI: 9-Day RSI Comparison
* 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.
Chongqing Shineray Intelligent Manufacturing Technology Co 9-Day RSI vs Industrial Products Industry
Chongqing Shineray Intelligent Manufacturing Technology Co (SHSE:600615) 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.
Chongqing Shineray Intelligent Manufacturing Technology Co (SHSE:600615) has a 9-Day RSI of 41.97 as of Jul. 23, 2026. According to the industry distribution chart, Chongqing Shineray Intelligent Manufacturing Technology Co ranks #488 out of 3126 companies in the Industrial Products industry, placing it in the top 15.6%.
Is Chongqing Shineray Intelligent Manufacturing Technology Co's 9-Day RSI too high?
Chongqing Shineray Intelligent Manufacturing Technology Co's current 9-Day RSI is 41.97. The Industrial Products industry median 9-Day RSI is 41.05. Chongqing Shineray Intelligent Manufacturing Technology Co's value of 41.97 is 2.2% above this industry median. Based on the distribution chart, Chongqing Shineray Intelligent Manufacturing Technology Co ranks #488 out of 3126 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Chongqing Shineray Intelligent Manufacturing Technology Co has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Shineray Intelligent Manufacturing Technology Co's 9-Day RSI compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Chongqing Shineray Intelligent Manufacturing Technology Co ranks #488 out of 3126 companies for 9-Day RSI. This places Chongqing Shineray Intelligent Manufacturing Technology Co in the top 16% of its industry — outperforming the majority of peers. The industry median 9-Day RSI is 41.05. Chongqing Shineray Intelligent Manufacturing Technology Co's value of 41.97 is 2.2% 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 Industrial Products company?
The median 9-Day RSI among Industrial Products companies is 41.05, based on 3,126 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. Chongqing Shineray Intelligent Manufacturing Technology Co's current 9-Day RSI of 41.97 is 2.2% 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 Industrial Products industry, the median 9-Day RSI is 41.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Shineray Intelligent Manufacturing Technology Co's current 9-Day RSI is 41.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Shineray Intelligent Manufacturing Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Shineray Intelligent Manufacturing Technology Co (SHSE:600615) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥33.91, compared to a current price of ¥8.51 — trading 74.9% below its estimated fair value. The current 9-Day RSI is 41.97 and 2.2% above the Industrial Products industry median of 41.05. Chongqing Shineray Intelligent Manufacturing Technology Co's overall GF Score™ is 57/100 with 2 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 Chongqing Shineray Intelligent Manufacturing Technology Co (SHSE:600615), the current 9-Day RSI is 41.97 as of Jul. 23, 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 Chongqing Shineray Intelligent Manufacturing Technology Co (SHSE:600615) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Shineray Intelligent Manufacturing Technology Co stock appears to be undervalued.
The current stock price of ¥8.51 is trading 74.9% below its estimated GF Value™ of ¥33.91.
GuruFocus considers Chongqing Shineray Intelligent Manufacturing Technology Co to be Significantly Undervalued.
Key valuation signals for SHSE:600615:
9-Day RSI: 41.97
GF Value™: ¥33.91 vs. price of ¥8.51 (74.9% below fair value)
Industry Position: 2.2% above the Industrial Products median (#488 of 3126)
No single metric tells the full story. See the SHSE:600615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chongqing Shineray Intelligent Manufacturing Technology Co Business Description
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