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:
- Forums
- ASX - By Stock
- At what point does one consider accumulating?
MFG
magellan financial group limited
Add to My Watchlist
0.47%
!
$8.40

Full disclaimer - I've commenced building a long-term position...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$8.40 |
Change
-0.040(0.47%) |
Mkt cap ! $1.458B |
Open | High | Low | Value | Volume |
$8.38 | $8.41 | $8.34 | $471.8K | 56.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 716 | $8.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.40 | 674 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 1110 | 8.390 |
14 | 2518 | 8.380 |
9 | 2054 | 8.370 |
11 | 4926 | 8.360 |
10 | 4427 | 8.350 |
Price($) | Vol. | No. |
---|---|---|
8.400 | 666 | 9 |
8.410 | 3185 | 12 |
8.420 | 2735 | 11 |
8.430 | 5875 | 10 |
8.440 | 6741 | 12 |
Last trade - 10.42am 17/06/2025 (20 minute delay) ? |
Featured News
MFG (ASX) Chart |
The Watchlist
RC1
REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
SPONSORED BY The Market Online