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Macallum New EnergyASX:MNE 9 14-Day RSI is 60.58 as of Jul. 19, 2026. GuruFocus rates ASX:MNE with a GF Score™ of 9/100. Among 1,053 Oil & Gas companies, Macallum New Energy ranks worse than 84.43% 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 industry rank for Macallum New Energy's 14-Day RSI or its related term are showing as below:
ASX:MNE's 14-Day RSI is ranked worse than 84.43% of 1053
companies
in the Oil & Gas industry
Industry Median: 48.77
vs ASX:MNE: 60.58
Macallum New Energy (ASX:MNE) 14-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.
Macallum New Energy 14-Day RSI Related Terms
ASX:MNE vs COP, EOG, FANG: 14-Day RSI Comparison
For the Oil & Gas E&P subindustry, Macallum New Energy'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.
Macallum New Energy 14-Day RSI vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Macallum New Energy's 14-Day RSI distribution charts can be found below:
* The bar in red indicates where Macallum New Energy's 14-Day RSI falls into.
Macallum New Energy (ASX:MNE) 14-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.
Macallum New Energy (ASX:MNE) has a 14-Day RSI of 60.58 as of Jul. 19, 2026. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. View historical data on Macallum New Energy and its competitors. According to the industry distribution chart, Macallum New Energy ranks #889 out of 1053 companies in the Oil & Gas industry, placing it in the top 84.4%.
Is Macallum New Energy's 14-Day RSI too high?
Macallum New Energy's current 14-Day RSI is 60.58. The Oil & Gas industry median 14-Day RSI is 48.77. Macallum New Energy's value of 60.58 is 24.2% above this industry median. Based on the distribution chart, Macallum New Energy ranks #889 out of 1053 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Macallum New Energy has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Macallum New Energy's 14-Day RSI compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Macallum New Energy ranks #889 out of 1053 companies for 14-Day RSI. This places Macallum New Energy in the lower half of its industry. The industry median 14-Day RSI is 48.77. Macallum New Energy's value of 60.58 is 24.2% 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 14-Day RSI for an Oil & Gas company?
The median 14-Day RSI among Oil & Gas companies is 48.77, based on 1,053 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. Macallum New Energy's current 14-Day RSI of 60.58 is 24.2% 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 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 Macallum New Energy and its competitors. For the Oil & Gas industry, the median 14-Day RSI is 48.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macallum New Energy's current 14-Day RSI is 60.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macallum New Energy stock overvalued right now?
Macallum New Energy (ASX:MNE) has a current 14-Day RSI of 60.58. The current 14-Day RSI is 60.58 and 24.2% above the Oil & Gas industry median of 48.77. Macallum New Energy's overall GF Score™ is 9/100. 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 Macallum New Energy (ASX:MNE), the current 14-Day RSI is 60.58 as of Jul. 19, 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.
Macallum New Energy Ltd is an oil and gas exploration company. The company is focused on the assessment and future development of its exploration projects located in the onshore Northern Perth Basin in Western Australia.
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