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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.
Ningbo Boway Alloy Material Co (SHSE:601137) 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.
Ningbo Boway Alloy Material Co 9-Day RSI Related Terms
SHSE:601137 vs SCCO, FCX: 9-Day RSI Comparison
For the Copper subindustry, Ningbo Boway Alloy Material 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.
Ningbo Boway Alloy Material Co 9-Day RSI vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ningbo Boway Alloy Material Co's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Ningbo Boway Alloy Material Co's 9-Day RSI falls into.
Ningbo Boway Alloy Material Co (SHSE:601137) 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.
Ningbo Boway Alloy Material Co (SHSE:601137) has a 9-Day RSI of 51.94 as of Aug. 13, 2026. According to the industry distribution chart, Ningbo Boway Alloy Material Co ranks #1102 out of 2683 companies in the Metals & Mining industry, placing it in the top 41.1%.
Is Ningbo Boway Alloy Material Co's 9-Day RSI too high?
Ningbo Boway Alloy Material Co's current 9-Day RSI is 51.94. The Metals & Mining industry median 9-Day RSI is 56.58. Ningbo Boway Alloy Material Co's value of 51.94 is 8.2% below this industry median. Based on the distribution chart, Ningbo Boway Alloy Material Co ranks #1102 out of 2683 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Ningbo Boway Alloy Material Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Boway Alloy Material Co's 9-Day RSI compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Ningbo Boway Alloy Material Co ranks #1102 out of 2683 companies for 9-Day RSI. This puts Ningbo Boway Alloy Material Co in the upper half of its industry. The industry median 9-Day RSI is 56.58. Ningbo Boway Alloy Material Co's value of 51.94 is 8.2% 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 Metals & Mining company?
The median 9-Day RSI among Metals & Mining companies is 56.58, based on 2,683 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. Ningbo Boway Alloy Material Co's current 9-Day RSI of 51.94 is 8.2% 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 Metals & Mining industry, the median 9-Day RSI is 56.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Boway Alloy Material Co's current 9-Day RSI is 51.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Boway Alloy Material Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Boway Alloy Material Co (SHSE:601137) is currently considered Fairly Valued. The stock's GF Value™ is ¥19.04, compared to a current price of ¥17.84 — trading 6.3% below its estimated fair value. The current 9-Day RSI is 51.94 and 8.2% below the Metals & Mining industry median of 56.58. Ningbo Boway Alloy Material Co's overall GF Score™ is 84/100 with 7 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 Ningbo Boway Alloy Material Co (SHSE:601137), the current 9-Day RSI is 51.94 as of Aug. 13, 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 Ningbo Boway Alloy Material Co (SHSE:601137) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Boway Alloy Material Co stock appears to be undervalued.
The current stock price of ¥17.84 is trading 6.3% below its estimated GF Value™ of ¥19.04.
GuruFocus considers Ningbo Boway Alloy Material Co to be Fairly Valued.
Key valuation signals for SHSE:601137:
9-Day RSI: 51.94
GF Value™: ¥19.04 vs. price of ¥17.84 (6.3% below fair value)
Industry Position: 8.2% below the Metals & Mining median (#1102 of 2683)
No single metric tells the full story. See the SHSE:601137 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Boway Alloy Material Co Ltd is engaged in researching, developing, producing and selling non-ferrous alloy materials in China and internationally. It offers environmental, high conductivity, special, bronze, nickel-silver, and brass alloy materials, as well as copper alloys; and high precision copper alloy strips. The company also offers copper-titanium-zirconium- zinc alloy materials; and energy products, such as monocrystalline black components, polycrystalline, and solar modules.
84GF Score
Get the complete analysis for SHSE:601137
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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