Magnetite Mines (ASX:MGT) 9-Day RSI: 33.55 (As of Jul. 07, 2026)


What is Magnetite Mines 9-Day RSI?

Magnetite Mines ASX:MGT -10.53% 9-Day RSI is 33.55 as of Jul. 07, 2026. The stock has 4 warning signs investors should review. Among 2,680 Metals & Mining companies, Magnetite Mines ranks better than 71.94% 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 (2026-07-07), Magnetite Mines's 9-Day RSI is 33.55.

The industry rank for Magnetite Mines's 9-Day RSI or its related term are showing as below:

ASX:MGT's 9-Day RSI is ranked better than
71.94% of 2680 companies
in the Metals & Mining industry
Industry Median: 46.73 vs ASX:MGT: 33.55

Magnetite Mines  (ASX:MGT) 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.

Magnetite Mines 9-Day RSI Related Terms

Magnetite Mines 9-Day RSI Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Magnetite Mines'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.

Magnetite Mines 9-Day RSI vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Magnetite Mines's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Magnetite Mines's 9-Day RSI falls into.


Magnetite Mines  (ASX:MGT) 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.

Frequently Asked Questions Learn more about 9-Day RSI →
What does a 9-Day RSI of 33.55 mean?
Magnetite Mines (ASX:MGT) has a 9-Day RSI of 33.55 as of Jul. 07, 2026. According to the industry distribution chart, Magnetite Mines ranks #752 out of 2680 companies in the Metals & Mining industry, placing it in the top 28.1%.
Is Magnetite Mines' 9-Day RSI too high?
Magnetite Mines' current 9-Day RSI is 33.55. The Metals & Mining industry median 9-Day RSI is 46.73. Magnetite Mines' value of 33.55 is 28.2% below this industry median. Based on the distribution chart, Magnetite Mines ranks #752 out of 2680 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Magnetite Mines' 9-Day RSI compare to competitors?
According to the Metals & Mining industry distribution chart, Magnetite Mines ranks #752 out of 2680 companies for 9-Day RSI. This puts Magnetite Mines in the upper half of its industry. The industry median 9-Day RSI is 46.73. Magnetite Mines' value of 33.55 is 28.2% 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 46.73, based on 2,680 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. Magnetite Mines's current 9-Day RSI of 33.55 is 28.2% 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 46.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnetite Mines's current 9-Day RSI is 33.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnetite Mines stock overvalued right now?
Magnetite Mines (ASX:MGT) has a current 9-Day RSI of 33.55. The current 9-Day RSI is 33.55 and 28.2% below the Metals & Mining industry median of 46.73. 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 Magnetite Mines (ASX:MGT), the current 9-Day RSI is 33.55 as of Jul. 07, 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.

Magnetite Mines Business Description

Other Exchanges R8Q1:Germany
Address 30 Currie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000
Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include the Muster Dam Iron Ore Project and Others.