Magmatic ResourcesASX:MAG 14-Day RSI is 48.29 as of Jul. 08, 2026. The stock has 1 warning sign investors should review. Among 2,682 Metals & Mining companies, Magmatic Resources ranks worse than 66.93% on this metric.
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.
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.
Magmatic Resources 14-Day RSI Related Terms
ASX:MAG vs NEM, AU: 14-Day RSI Comparison
For the Gold subindustry, Magmatic Resources's 14-Day RSI, along with its competitors' market caps and 14-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.
Magmatic Resources 14-Day RSI vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Magmatic Resources's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where Magmatic Resources's 14-Day RSI falls into.
* 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.
Magmatic Resources (ASX:MAG) has a 14-Day RSI of 48.29 as of Jul. 08, 2026. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. View historical data on Magmatic Resources and its competitors. According to the industry distribution chart, Magmatic Resources ranks #1795 out of 2682 companies in the Metals & Mining industry, placing it in the top 66.9%.
Is Magmatic Resources' 14-Day RSI too high?
Magmatic Resources' current 14-Day RSI is 48.29. The Metals & Mining industry median 14-Day RSI is 44.20. Magmatic Resources' value of 48.29 is 9.3% above this industry median. Based on the distribution chart, Magmatic Resources ranks #1795 out of 2682 companies in the Metals & Mining industry, which is below the industry midpoint.
How does Magmatic Resources' 14-Day RSI compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Magmatic Resources ranks #1795 out of 2682 companies for 14-Day RSI. This places Magmatic Resources in the lower half of its industry. The industry median 14-Day RSI is 44.20. Magmatic Resources' value of 48.29 is 9.3% 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 14-Day RSI for a Metals & Mining company?
The median 14-Day RSI among Metals & Mining companies is 44.20, based on 2,682 companies in the industry. Companies in the top quartile (top 25%) have a 14-Day RSI significantly above this median, while those in the bottom quartile fall well below. However, 14-Day RSI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Magmatic Resources's current 14-Day RSI of 48.29 is 9.3% 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 14-Day RSI mean?
A high 14-Day RSI can signal that a stock is expensive relative to its fundamentals. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. View historical data on Magmatic Resources and its competitors. For the Metals & Mining industry, the median 14-Day RSI is 44.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magmatic Resources's current 14-Day RSI is 48.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magmatic Resources stock overvalued right now?
Magmatic Resources (ASX:MAG) has a current 14-Day RSI of 48.29. The current 14-Day RSI is 48.29 and 9.3% above the Metals & Mining industry median of 44.20. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 14-Day RSI calculated?
14-Day RSI is calculated from a company's financial statements. For Magmatic Resources (ASX:MAG), the current 14-Day RSI is 48.29 as of Jul. 08, 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.
Magmatic Resources Ltd is an Australian mineral exploration company focused on gold and copper targets in the East Lachlan region of New South Wales and the Northern Goldfields in Western Australia. The company holds a portfolio of projects near mining operations like Cadia Valley and Northparkes. Magmatic aims to make discoveries in these prolific mining belts. It also has a joint venture with Fortescue Metals Group to explore the Myall project. The majority of income generation source is the interest income.
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