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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1.76%
!
$10.59

At what point does one consider accumulating?
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Last
$10.59 |
Change
-0.190(1.76%) |
Mkt cap ! $1.816B |
Open | High | Low | Value | Volume |
$10.57 | $10.63 | $10.24 | $13.09M | 1.250M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 114 | $11.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.03 | 114 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 114 | 11.330 |
13 | 6590 | 11.230 |
5 | 16181 | 11.120 |
5 | 6320 | 11.110 |
1 | 4638 | 11.090 |
Price($) | Vol. | No. |
---|---|---|
9.850 | 4444 | 1 |
10.000 | 18 | 1 |
10.030 | 1580 | 2 |
10.060 | 13253 | 12 |
10.070 | 12863 | 3 |
Last trade - 15.59pm 21/08/2025 (20 minute delay) ? |
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MFG (ASX) Chart |
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NUZ
NEURIZON THERAPEUTICS LIMITED
Michael Thurn, MD & CEO
Michael Thurn
MD & CEO
SPONSORED BY The Market Online