MFG
Financials
Price/book - 3.8 (well under historical average of approx. 10)
P/E - 12.1 (extremely low historically speaking)
EPS - 1.45 (ahead of forecast even after today)
ROE - 26.7% (better than MQG)
Debt/equity - 1.4% (anything under 2.5 is a steal)
Dividend yield: 11.67% currently
Chart
WeeklyEnormous gap from $28.90-$24.35. Outside of bollinger bands and well below 9 day ema. Expect bands to begin contracting by Wednesday this week which will lift price back toward 9 day ema. RSI has never been as low as 17.92 on the weekly chart. This is beyond oversold.
127.2% Fibonacci support level sits at $20.34. Should test this tomorrow and bounce from there this week imho.
Hourly
Rounded bottom pattern starting to form, 9 day ema at $22.03. RSI is...10.96 and well below buy signal of 30. Buyers stepped up this afternoon. MACD turning and will cross later this week.
Friday's close will provide a strong indication of insto appetite going into next week. I expect it to be $24 by then.
All imho & dyor
Undervalued & technically oversold
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Last
$10.78 |
Change
0.190(1.79%) |
Mkt cap ! $1.936B | |||
| Open | High | Low | Value | Volume |
| $10.69 | $10.85 | $10.68 | $1.320M | 122.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 406 | $10.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.78 | 295 | 4 |
View Market Depth
| Last trade - 10.55am 08/11/2024 (20 minute delay) ? |
| MFG (ASX) Chart |