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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.
Chengtun Mining Group Co (SHSE:600711) 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.
Chengtun Mining Group Co 9-Day RSI Related Terms
Chengtun Mining Group Co 9-Day RSI Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Chengtun Mining Group 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.
Chengtun Mining Group Co 9-Day RSI vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Chengtun Mining Group Co's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Chengtun Mining Group Co's 9-Day RSI falls into.
Chengtun Mining Group Co (SHSE:600711) 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.
Chengtun Mining Group Co (SHSE:600711) has a 9-Day RSI of 65.40 as of Aug. 10, 2026. According to the industry distribution chart, Chengtun Mining Group Co ranks #1896 out of 2680 companies in the Metals & Mining industry, placing it in the top 70.7%.
Is Chengtun Mining Group Co's 9-Day RSI too high?
Chengtun Mining Group Co's current 9-Day RSI is 65.40. The Metals & Mining industry median 9-Day RSI is 55.87. Chengtun Mining Group Co's value of 65.40 is 17.1% above this industry median. Based on the distribution chart, Chengtun Mining Group Co ranks #1896 out of 2680 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Chengtun Mining Group Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chengtun Mining Group Co's 9-Day RSI compare to competitors?
According to the Metals & Mining industry distribution chart, Chengtun Mining Group Co ranks #1896 out of 2680 companies for 9-Day RSI. This places Chengtun Mining Group Co in the lower half of its industry. The industry median 9-Day RSI is 55.87. Chengtun Mining Group Co's value of 65.40 is 17.1% 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 Metals & Mining company?
The median 9-Day RSI among Metals & Mining companies is 55.87, based on 2,680 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. Chengtun Mining Group Co's current 9-Day RSI of 65.40 is 17.1% 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 Metals & Mining industry, the median 9-Day RSI is 55.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chengtun Mining Group Co's current 9-Day RSI is 65.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chengtun Mining Group Co stock overvalued right now?
Based on GuruFocus' analysis, Chengtun Mining Group Co (SHSE:600711) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.79, compared to a current price of ¥12.74 — trading 63.5% above its estimated fair value. The current 9-Day RSI is 65.40 and 17.1% above the Metals & Mining industry median of 55.87. Chengtun Mining Group Co's overall GF Score™ is 59/100 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 Chengtun Mining Group Co (SHSE:600711), the current 9-Day RSI is 65.40 as of Aug. 10, 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 Chengtun Mining Group Co (SHSE:600711) Overvalued in 2026?
Based on GuruFocus' analysis, Chengtun Mining Group Co stock appears to be overvalued.
The current stock price of ¥12.74 is trading 63.5% above its estimated GF Value™ of ¥7.79.
GuruFocus considers Chengtun Mining Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:600711:
9-Day RSI: 65.40
GF Value™: ¥7.79 vs. price of ¥12.74 (63.5% above fair value)
Industry Position: 17.1% above the Metals & Mining median (#1896 of 2680)
No single metric tells the full story. See the SHSE:600711 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chengtun Mining Group Co Ltd conducts metal mining and operation businesses. It provides non-ferrous metal mining, minerals trading, and metal financial services. The company provides services for worldwide customers.
59GF Score
Get the complete analysis for SHSE:600711
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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