MagontecASX:MGL 42 9-Day RSI is 22.13 as of Jun. 30, 2026. GuruFocus rates ASX:MGL with a GF Score™ of 42/100 and a GF Value™ of A$0.27 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,681 Metals & Mining companies, Magontec ranks better than 92.02% 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. 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.
As of today (2026-06-30), Magontec's 9-Day RSI is 22.13.
The industry rank for Magontec's 9-Day RSI or its related term are showing as below:
ASX:MGL's 9-Day RSI is ranked better than 92.02% of 2681
companies
in the Metals & Mining industry
Industry Median: 40.36
vs ASX:MGL: 22.13
Magontec (ASX:MGL) 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.
Magontec 9-Day RSI Related Terms
Magontec 9-Day RSI Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Magontec'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.
Magontec 9-Day RSI vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Magontec's 9-Day RSI distribution charts can be found below:
* The bar in red indicates where Magontec's 9-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.
Magontec (ASX:MGL) has a 9-Day RSI of 22.13 as of Jun. 30, 2026. According to the industry distribution chart, Magontec ranks #214 out of 2681 companies in the Metals & Mining industry, placing it in the top 8%.
Is Magontec's 9-Day RSI too high?
Magontec's current 9-Day RSI is 22.13. The Metals & Mining industry median 9-Day RSI is 40.36. Magontec's value of 22.13 is 45.2% below this industry median. Based on the distribution chart, Magontec ranks #214 out of 2681 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Magontec has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Magontec's 9-Day RSI compare to competitors?
According to the Metals & Mining industry distribution chart, Magontec ranks #214 out of 2681 companies for 9-Day RSI. This places Magontec in the top 8% of its industry — outperforming the majority of peers. The industry median 9-Day RSI is 40.36. Magontec's value of 22.13 is 45.2% below 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 Metals & Mining company?
The median 9-Day RSI among Metals & Mining companies is 40.36, based on 2,681 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. Magontec's current 9-Day RSI of 22.13 is 45.2% below 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 Metals & Mining industry, the median 9-Day RSI is 40.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magontec's current 9-Day RSI is 22.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magontec stock overvalued right now?
Based on GuruFocus' analysis, Magontec (ASX:MGL) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.27, compared to a current price of A$0.19 — trading 29.6% below its estimated fair value. The current 9-Day RSI is 22.13 and 45.2% below the Metals & Mining industry median of 40.36. Magontec's overall GF Score™ is 42/100 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 Magontec (ASX:MGL), the current 9-Day RSI is 22.13 as of Jun. 30, 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 Magontec (ASX:MGL) Overvalued in 2026?
Based on GuruFocus' analysis, Magontec stock appears to be undervalued.
The current stock price of A$0.19 is trading 29.6% below its estimated GF Value™ of A$0.27.
GuruFocus considers Magontec to be Possible Value Trap.
Key valuation signals for ASX:MGL:
9-Day RSI: 22.13
GF Value™: A$0.27 vs. price of A$0.19 (29.6% below fair value)
Industry Position: 45.2% below the Metals & Mining median (#214 of 2681)
No single metric tells the full story. See the ASX:MGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magontec Ltd is engaged in the manufacturing and sale of generic and specialist magnesium alloys as well as magnesium and titanium cathodic corrosion protection products. It also researches and develops new proprietary magnesium alloys and technologies. The group's products and services are Primary Mg Alloy, Magnesium Alloy Recycling, and Cathodic Corrosion Protection. It has three segments: Admin, EUR, and PRC. The majority of the group's revenue is generated from the EUR segment, which represents its operations in Europe.
42GF Score
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