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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.
TSE:6844's 9-Day RSI is ranked better than 60.05% of 2528
companies
in the Hardware industry
Industry Median: 35.49
vs TSE:6844: 39.22
Shindengen Electric Manufacturing Co (TSE:6844) 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.
Shindengen Electric Manufacturing Co 9-Day RSI Related Terms
TSE:6844 vs APH, GLW: 9-Day RSI Comparison
For the Electronic Components subindustry, Shindengen Electric Manufacturing 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.
Shindengen Electric Manufacturing Co 9-Day RSI vs Hardware Industry
Shindengen Electric Manufacturing Co (TSE:6844) 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.
Shindengen Electric Manufacturing Co (TSE:6844) has a 9-Day RSI of 39.22 as of Jul. 21, 2026. According to the industry distribution chart, Shindengen Electric Manufacturing Co ranks #1010 out of 2528 companies in the Hardware industry, placing it in the top 40%.
Is Shindengen Electric Manufacturing Co's 9-Day RSI too high?
Shindengen Electric Manufacturing Co's current 9-Day RSI is 39.22. The Hardware industry median 9-Day RSI is 35.49. Shindengen Electric Manufacturing Co's value of 39.22 is 10.5% above this industry median. Based on the distribution chart, Shindengen Electric Manufacturing Co ranks #1010 out of 2528 companies in the Hardware industry, which is above the industry midpoint. Overall, Shindengen Electric Manufacturing Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shindengen Electric Manufacturing Co's 9-Day RSI compare to APH and GLW?
According to the Hardware industry distribution chart, Shindengen Electric Manufacturing Co ranks #1010 out of 2528 companies for 9-Day RSI. This puts Shindengen Electric Manufacturing Co in the upper half of its industry. The industry median 9-Day RSI is 35.49. Shindengen Electric Manufacturing Co's value of 39.22 is 10.5% 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 Hardware company?
The median 9-Day RSI among Hardware companies is 35.49, based on 2,528 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. Shindengen Electric Manufacturing Co's current 9-Day RSI of 39.22 is 10.5% 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 Hardware industry, the median 9-Day RSI is 35.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shindengen Electric Manufacturing Co's current 9-Day RSI is 39.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shindengen Electric Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co (TSE:6844) is currently considered Fairly Valued. The stock's GF Value™ is 円3,378.90, compared to a current price of 円3,455.00 — trading 2.3% above its estimated fair value. The current 9-Day RSI is 39.22 and 10.5% above the Hardware industry median of 35.49. Shindengen Electric Manufacturing Co's overall GF Score™ is 77/100 with 4 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 Shindengen Electric Manufacturing Co (TSE:6844), the current 9-Day RSI is 39.22 as of Jul. 21, 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 Shindengen Electric Manufacturing Co (TSE:6844) Overvalued in 2026?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co stock appears to be overvalued.
The current stock price of 円3,455.00 is trading 2.3% above its estimated GF Value™ of 円3,378.90.
GuruFocus considers Shindengen Electric Manufacturing Co to be Fairly Valued.
Key valuation signals for TSE:6844:
9-Day RSI: 39.22
GF Value™: 円3,378.90 vs. price of 円3,455.00 (2.3% above fair value)
Industry Position: 10.5% above the Hardware median (#1010 of 2528)
No single metric tells the full story. See the TSE:6844 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shindengen Electric Manufacturing Co Business Description
Shindengen Electric Manufacturing Co Ltd is an electronics manufacturer that develops, manufactures and sells high-efficiency, low-noise semiconductors as well as car electronics and power system products. The company's business is organized into three reportable segments: Device business, Car Electronics business and Next Generation Energy business. It earns majority of the revenue from Car Electronics business. Shindengen has its operations in Japan, Indonesia, Asia, and other areas.
77GF Score
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