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 Tung Ho Steel Enterprise's 9-Day RSI or its related term are showing as below:
TPE:2006's 9-Day RSI is ranked worse than 86.98% of 653
companies
in the Steel industry
Industry Median: 46.07
vs TPE:2006: 62.34
Tung Ho Steel Enterprise (TPE:2006) 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.
Tung Ho Steel Enterprise 9-Day RSI Related Terms
TPE:2006 vs NUE, STLD, RS: 9-Day RSI Comparison
For the Steel subindustry, Tung Ho Steel Enterprise'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.
Tung Ho Steel Enterprise 9-Day RSI vs Steel Industry
For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Tung Ho Steel Enterprise's 9-Day RSI falls into.
Tung Ho Steel Enterprise (TPE:2006) 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.
Tung Ho Steel Enterprise (TPE:2006) has a 9-Day RSI of 62.34 as of Jul. 12, 2026. According to the industry distribution chart, Tung Ho Steel Enterprise ranks #568 out of 653 companies in the Steel industry, placing it in the top 87%.
Is Tung Ho Steel Enterprise's 9-Day RSI too high?
Tung Ho Steel Enterprise's current 9-Day RSI is 62.34. The Steel industry median 9-Day RSI is 46.07. Tung Ho Steel Enterprise's value of 62.34 is 35.3% above this industry median. Based on the distribution chart, Tung Ho Steel Enterprise ranks #568 out of 653 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tung Ho Steel Enterprise has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tung Ho Steel Enterprise's 9-Day RSI compare to NUE and STLD?
According to the Steel industry distribution chart, Tung Ho Steel Enterprise ranks #568 out of 653 companies for 9-Day RSI. This places Tung Ho Steel Enterprise in the lower half of its industry. The industry median 9-Day RSI is 46.07. Tung Ho Steel Enterprise's value of 62.34 is 35.3% 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 Steel company?
The median 9-Day RSI among Steel companies is 46.07, based on 653 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. Tung Ho Steel Enterprise's current 9-Day RSI of 62.34 is 35.3% 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 Steel industry, the median 9-Day RSI is 46.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tung Ho Steel Enterprise's current 9-Day RSI is 62.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tung Ho Steel Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Tung Ho Steel Enterprise (TPE:2006) is currently considered Fairly Valued. The stock's GF Value™ is NT$64.09, compared to a current price of NT$70.20 — trading 9.5% above its estimated fair value. The current 9-Day RSI is 62.34 and 35.3% above the Steel industry median of 46.07. Tung Ho Steel Enterprise's overall GF Score™ is 90/100 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 Tung Ho Steel Enterprise (TPE:2006), the current 9-Day RSI is 62.34 as of Jul. 12, 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 Tung Ho Steel Enterprise (TPE:2006) Overvalued in 2026?
Based on GuruFocus' analysis, Tung Ho Steel Enterprise stock appears to be overvalued.
The current stock price of NT$70.20 is trading 9.5% above its estimated GF Value™ of NT$64.09.
GuruFocus considers Tung Ho Steel Enterprise to be Fairly Valued.
Key valuation signals for TPE:2006:
9-Day RSI: 62.34
GF Value™: NT$64.09 vs. price of NT$70.20 (9.5% above fair value)
Industry Position: 35.3% above the Steel median (#568 of 653)
No single metric tells the full story. See the TPE:2006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tung Ho Steel Enterprise Corp manufactures and sells Re-Bar, section, and plate. It processes, and sells reinforcing bars, flat iron, angle iron, wire rod, and other steel products; manufactures, processes, and sells structural steel, alloy steel, tool steel, high carbon steel, and other special steels; ship dismantling; used ship sales. Its segments include Steel segment including the Taipei headquarters, Taoyuan processing center, Taoyuan plant, Taichung port logistics center, Miaoli Plant, Kaohsiung plant and THSVC, engaged in the manufacture and sale of steel products; and Steel Structure segment including Tung Kang Steel Structure Corp, Tung Kang Engineering & Construction Corp, engaged in steel structure processing, steel structure engineering and civil construction engineering.
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