Full disclaimer - I've commenced building a long-term position lately and will continue to monitor for further opportunities.
I recall when the intelligent Investor released a broker note on MFG back in December 2021 with BUY < $45.. watched this stock since and it's astonishing to see what's happened.
I don't usually peruse monthly charts too often but this one piques the interest. I just can't help but feel that in 3-5 years time, you might be looking back at the one opportunity there was to accumulate <$9 - and it was in 2023.
Monthly:
.
Monthly RSI has been smashed down to oversold for the best part of 18 months.The weekly chart is also interesting - after the RSI went into way oversold in early 2022, it's been rising steadily since while the share price has continued to tumble - until only recently where a few things are starting to suggest a base may be forming including the very recent 50/200 cross on the weekly.
Weekly:
Daily:
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- At what point does one consider accumulating?
MFG
magellan financial group limited
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0.53%
!
$8.46

At what point does one consider accumulating?
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Last
$8.46 |
Change
-0.045(0.53%) |
Mkt cap ! $1.459B |
Open | High | Low | Value | Volume |
$8.54 | $8.54 | $8.39 | $2.487M | 293.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 794 | $8.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.46 | 1561 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1075 | 8.450 |
25 | 3733 | 8.440 |
11 | 2350 | 8.430 |
10 | 3903 | 8.420 |
10 | 4296 | 8.410 |
Price($) | Vol. | No. |
---|---|---|
8.460 | 1794 | 16 |
8.470 | 3249 | 13 |
8.480 | 5182 | 12 |
8.490 | 3802 | 11 |
8.500 | 7147 | 10 |
Last trade - 12.44pm 25/06/2025 (20 minute delay) ? |
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MFG (ASX) Chart |