GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMG Ltd (OTCPK:MMLTF) » Definitions » 9-Day RSI

MMG (MMLTF) 9-Day RSI : 88.25 (As of Dec. 12, 2024)


View and export this data going back to 2004. Start your Free Trial

What is MMG 9-Day RSI?

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 (2024-12-12), MMG's 9-Day RSI is 88.25.

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

MMLTF's 9-Day RSI is ranked worse than
85.34% of 2702 companies
in the Metals & Mining industry
Industry Median: 46.575 vs MMLTF: 88.25

Competitive Comparison of MMG's 9-Day RSI

For the Copper subindustry, MMG'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.


MMG's 9-Day RSI Distribution in the Metals & Mining Industry

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

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



MMG  (OTCPK:MMLTF) 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.


MMG  (OTCPK:MMLTF) 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.


MMG 9-Day RSI Related Terms

Thank you for viewing the detailed overview of MMG's 9-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


MMG Business Description

Traded in Other Exchanges
Address
79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG
MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority of revenue comes from the Las Bambas segment. The key revenue by metal is derived from Copper.

MMG Headlines

From GuruFocus

Q4 2022 MMG Ltd Project Update Call Transcript

By GuruFocus Research 03-06-2024

MMG Ltd Annual Shareholders Meeting Transcript

By GuruFocus Research 03-06-2024

Half Year 2023 MMG Ltd Earnings Call Transcript

By GuruFocus Research 03-06-2024

Full Year 2020 MMG Ltd Earnings Call Transcript

By GuruFocus Research 03-06-2024

Q1 2022 MMG Ltd Production Report Call Transcript

By GuruFocus Research 03-06-2024

Half Year 2022 MMG Ltd Earnings Call Transcript

By GuruFocus Research 03-06-2024