Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Silvery Dragon Group Co Tianjin (SHSE:603969) 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.
Silvery Dragon Group Co Tianjin 9-Day RSI Related Terms
SHSE:603969 vs NUE, STLD, RS: 9-Day RSI Comparison
For the Steel subindustry, Silvery Dragon Group Co Tianjin'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.
Silvery Dragon Group Co Tianjin 9-Day RSI vs Steel Industry
For the Steel industry and Basic Materials sector, Silvery Dragon Group Co Tianjin's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Silvery Dragon Group Co Tianjin's 9-Day RSI falls into.
Silvery Dragon Group Co Tianjin (SHSE:603969) 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.
Silvery Dragon Group Co Tianjin (SHSE:603969) has a 9-Day RSI of 42.98 as of Aug. 20, 2026. According to the industry distribution chart, Silvery Dragon Group Co Tianjin ranks #231 out of 650 companies in the Steel industry, placing it in the top 35.5%.
Is Silvery Dragon Group Co Tianjin's 9-Day RSI too high?
Silvery Dragon Group Co Tianjin's current 9-Day RSI is 42.98. The Steel industry median 9-Day RSI is 49.24. Silvery Dragon Group Co Tianjin's value of 42.98 is 12.7% below this industry median. Based on the distribution chart, Silvery Dragon Group Co Tianjin ranks #231 out of 650 companies in the Steel industry, which is above the industry midpoint. Overall, Silvery Dragon Group Co Tianjin has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Silvery Dragon Group Co Tianjin's 9-Day RSI compare to NUE and STLD?
According to the Steel industry distribution chart, Silvery Dragon Group Co Tianjin ranks #231 out of 650 companies for 9-Day RSI. This puts Silvery Dragon Group Co Tianjin in the upper half of its industry. The industry median 9-Day RSI is 49.24. Silvery Dragon Group Co Tianjin's value of 42.98 is 12.7% 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 Steel company?
The median 9-Day RSI among Steel companies is 49.24, based on 650 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. Silvery Dragon Group Co Tianjin's current 9-Day RSI of 42.98 is 12.7% 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 Steel industry, the median 9-Day RSI is 49.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Silvery Dragon Group Co Tianjin's current 9-Day RSI is 42.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silvery Dragon Group Co Tianjin stock overvalued right now?
Based on GuruFocus' analysis, Silvery Dragon Group Co Tianjin (SHSE:603969) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.72, compared to a current price of ¥7.23 — trading 6.3% below its estimated fair value. The current 9-Day RSI is 42.98 and 12.7% below the Steel industry median of 49.24. Silvery Dragon Group Co Tianjin's overall GF Score™ is 84/100 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 Silvery Dragon Group Co Tianjin (SHSE:603969), the current 9-Day RSI is 42.98 as of Aug. 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 Silvery Dragon Group Co Tianjin (SHSE:603969) Overvalued in 2026?
Based on GuruFocus' analysis, Silvery Dragon Group Co Tianjin stock appears to be undervalued.
The current stock price of ¥7.23 is trading 6.3% below its estimated GF Value™ of ¥7.72.
GuruFocus considers Silvery Dragon Group Co Tianjin to be Fairly Valued.
Key valuation signals for SHSE:603969:
9-Day RSI: 42.98
GF Value™: ¥7.72 vs. price of ¥7.23 (6.3% below fair value)
Industry Position: 12.7% below the Steel median (#231 of 650)
No single metric tells the full story. See the SHSE:603969 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Silvery Dragon Group Co Ltd Tianjin is engaged in the research, development, production, and sale of steel for prestressed concrete. Its licensed business activities include the production of steel bar products for construction, the undertaking of construction projects and the design of construction projects.
84GF Score
Get the complete analysis for SHSE:603969
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603969 has been successfully added to your 
