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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.
The industry rank for Right Way Industrial Co's 9-Day RSI or its related term are showing as below:
TPE:1506's 9-Day RSI is ranked worse than 89.93% of 1351
companies
in the Vehicles & Parts industry
Industry Median: 47.94
vs TPE:1506: 73.41
Right Way Industrial Co (TPE:1506) 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.
Right Way Industrial Co 9-Day RSI Related Terms
TPE:1506 vs ORLY, AZO: 9-Day RSI Comparison
For the Auto Parts subindustry, Right Way Industrial 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.
Right Way Industrial Co 9-Day RSI vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Right Way Industrial Co's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Right Way Industrial Co's 9-Day RSI falls into.
Right Way Industrial Co (TPE:1506) 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.
Right Way Industrial Co (TPE:1506) has a 9-Day RSI of 73.41 as of Jul. 18, 2026. According to the industry distribution chart, Right Way Industrial Co ranks #1215 out of 1351 companies in the Vehicles & Parts industry, placing it in the top 89.9%.
Is Right Way Industrial Co's 9-Day RSI too high?
Right Way Industrial Co's current 9-Day RSI is 73.41. The Vehicles & Parts industry median 9-Day RSI is 47.94. Right Way Industrial Co's value of 73.41 is 53.1% above this industry median. Based on the distribution chart, Right Way Industrial Co ranks #1215 out of 1351 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Right Way Industrial Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Right Way Industrial Co's 9-Day RSI compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Right Way Industrial Co ranks #1215 out of 1351 companies for 9-Day RSI. This places Right Way Industrial Co in the lower half of its industry. The industry median 9-Day RSI is 47.94. Right Way Industrial Co's value of 73.41 is 53.1% 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 Vehicles & Parts company?
The median 9-Day RSI among Vehicles & Parts companies is 47.94, based on 1,351 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. Right Way Industrial Co's current 9-Day RSI of 73.41 is 53.1% 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 Vehicles & Parts industry, the median 9-Day RSI is 47.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Right Way Industrial Co's current 9-Day RSI is 73.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Right Way Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Right Way Industrial Co (TPE:1506) is currently considered Fairly Valued. The stock's GF Value™ is NT$12.36, compared to a current price of NT$11.25 — trading 9% below its estimated fair value. The current 9-Day RSI is 73.41 and 53.1% above the Vehicles & Parts industry median of 47.94. Right Way Industrial Co's overall GF Score™ is 67/100 with 1 warning sign 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 Right Way Industrial Co (TPE:1506), the current 9-Day RSI is 73.41 as of Jul. 18, 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 Right Way Industrial Co (TPE:1506) Overvalued in 2026?
Based on GuruFocus' analysis, Right Way Industrial Co stock appears to be undervalued.
The current stock price of NT$11.25 is trading 9% below its estimated GF Value™ of NT$12.36.
GuruFocus considers Right Way Industrial Co to be Fairly Valued.
Key valuation signals for TPE:1506:
9-Day RSI: 73.41
GF Value™: NT$12.36 vs. price of NT$11.25 (9% below fair value)
Industry Position: 53.1% above the Vehicles & Parts median (#1215 of 1351)
No single metric tells the full story. See the TPE:1506 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Right Way Industrial Co Ltd operates in the auto parts industry. The company is engaged in the manufacturing and retail sale of engines, parts of automobiles and motorcycles, pistons, piston rings, and its accessories, components of steering systems, crankshafts, machine tools, and system furniture. The company geographically operates in Taiwan, Malaysia, China, United States, and other countries.
67GF Score
Get the complete analysis for TPE:1506
9-Day RSI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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