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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0.38%
!
$10.43

At what point does one consider accumulating?
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Last
$10.43 |
Change
-0.040(0.38%) |
Mkt cap ! $1.793B |
Open | High | Low | Value | Volume |
$10.39 | $10.47 | $10.30 | $6.392M | 615.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 96 | $10.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.43 | 22131 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 96 | 10.400 |
2 | 2343 | 10.290 |
2 | 2000 | 10.260 |
2 | 175 | 10.200 |
1 | 2371 | 10.120 |
Price($) | Vol. | No. |
---|---|---|
10.430 | 22131 | 1 |
10.500 | 7052 | 4 |
10.530 | 2200 | 2 |
10.550 | 1322 | 4 |
10.560 | 189 | 2 |
Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
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MFG (ASX) Chart |
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