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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.
Shine Resunga Development Bank (XNEP:SHINE) 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.
Shine Resunga Development Bank 9-Day RSI Related Terms
Shine Resunga Development Bank 9-Day RSI Competitor Comparison
For the Banks - Regional subindustry, Shine Resunga Development Bank'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.
Shine Resunga Development Bank 9-Day RSI vs Banks Industry
For the Banks industry and Financial Services sector, Shine Resunga Development Bank's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Shine Resunga Development Bank's 9-Day RSI falls into.
Shine Resunga Development Bank (XNEP:SHINE) 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.
Shine Resunga Development Bank (XNEP:SHINE) has a 9-Day RSI of 62.11 as of Aug. 15, 2026. According to the industry distribution chart, Shine Resunga Development Bank ranks #988 out of 1603 companies in the Banks industry, placing it in the top 61.6%.
Is Shine Resunga Development Bank's 9-Day RSI too high?
Shine Resunga Development Bank's current 9-Day RSI is 62.11. The Banks industry median 9-Day RSI is 56.89. Shine Resunga Development Bank's value of 62.11 is 9.2% above this industry median. Based on the distribution chart, Shine Resunga Development Bank ranks #988 out of 1603 companies in the Banks industry, which is below the industry midpoint. Overall, Shine Resunga Development Bank has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shine Resunga Development Bank's 9-Day RSI compare to competitors?
According to the Banks industry distribution chart, Shine Resunga Development Bank ranks #988 out of 1603 companies for 9-Day RSI. This places Shine Resunga Development Bank in the lower half of its industry. The industry median 9-Day RSI is 56.89. Shine Resunga Development Bank's value of 62.11 is 9.2% 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 Banks company?
The median 9-Day RSI among Banks companies is 56.89, based on 1,603 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. Shine Resunga Development Bank's current 9-Day RSI of 62.11 is 9.2% 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 Banks industry, the median 9-Day RSI is 56.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shine Resunga Development Bank's current 9-Day RSI is 62.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shine Resunga Development Bank stock overvalued right now?
Based on GuruFocus' analysis, Shine Resunga Development Bank (XNEP:SHINE) is currently considered Modestly Undervalued. The stock's GF Value™ is NPR473.52, compared to a current price of NPR414.90 — trading 12.4% below its estimated fair value. The current 9-Day RSI is 62.11 and 9.2% above the Banks industry median of 56.89. Shine Resunga Development Bank's overall GF Score™ is 98/100 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 Shine Resunga Development Bank (XNEP:SHINE), the current 9-Day RSI is 62.11 as of Aug. 15, 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 Shine Resunga Development Bank (XNEP:SHINE) Overvalued in 2026?
Based on GuruFocus' analysis, Shine Resunga Development Bank stock appears to be undervalued.
The current stock price of NPR414.90 is trading 12.4% below its estimated GF Value™ of NPR473.52.
GuruFocus considers Shine Resunga Development Bank to be Modestly Undervalued.
Key valuation signals for XNEP:SHINE:
9-Day RSI: 62.11
GF Value™: NPR473.52 vs. price of NPR414.90 (12.4% below fair value)
Industry Position: 9.2% above the Banks median (#988 of 1603)
No single metric tells the full story. See the XNEP:SHINE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shine Resunga Development Bank Ltd is a regional development bank in Nepal. The company offers products and services including saving deposits, fixed deposits, call current, business loans, consumer loans, and others. The maximum revenue from Nepal itself is from Lumbini Province.
98GF Score
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