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
- Forums
- ASX - By Stock
- Undervalued & technically oversold
MFG FinancialsPrice/book - 3.8 (well under historical average of...
-
-
- There are more pages in this discussion • 250 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MFG (ASX) to my watchlist
|
|||||
Last
$8.43 |
Change
0.070(0.84%) |
Mkt cap ! $1.523B |
Open | High | Low | Value | Volume |
$8.36 | $8.58 | $8.34 | $8.144M | 961.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1562 | $8.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.44 | 5246 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1676 | 8.410 |
3 | 7033 | 8.390 |
3 | 4547 | 8.380 |
3 | 5331 | 8.370 |
2 | 11867 | 8.360 |
Price($) | Vol. | No. |
---|---|---|
8.440 | 131 | 1 |
8.450 | 4648 | 4 |
8.460 | 5445 | 4 |
8.470 | 6034 | 3 |
8.480 | 12468 | 5 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
Featured News
MFG (ASX) Chart |