Technical Analysis for MFG - Magellan Financial Group Ltd

Grade Last Price % Change Price Change
C 8.690 -5.13% -0.470
MFG closed down 5.13 percent on Friday, April 26, 2024, on 1.3 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
200 DMA Support Bullish 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
50 DMA Resistance Bearish -5.13%
Gapped Up Strength -5.13%
Oversold Stochastic Weakness -5.13%
Narrow Range Bar Range Contraction -2.80%
Inside Day Range Contraction -2.80%
Oversold Stochastic Weakness -2.80%

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Profile

Magellan Financial Group Ltd Description

Magellan Financial Group Limited is a fund management company. The Company's objective includes offering international investment funds to high net worth and retail investors in Australia and New Zealand, and institutional investors across the globe. Its segments include Funds Management, Principal Investments and Corporate. The funds management activities of the Company are undertaken by the controlled entities, Magellan Asset Management Limited (MAM) and MFG Services LLC (MFGS). MAM's funds management activities comprise acting as trustee, responsible entity and investment manager for the managed investment schemes offered primarily to Australian and New Zealand investors. MFGS acts as a service company providing MAM with services of investment analysts and distribution personnel based in the United States. The principal investment portfolio comprises its investments in the Australian Stock Exchange (ASX) Quoted Funds, the Unlisted Magellan Funds and the Frontier MFG Funds.


Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Australian Securities Exchange Investment Fund Asset Management Investment Funds Responsible Entity Fund Management Retail Investors Institutional Investor

Is MFG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 10.4
52 Week Low 5.8661
Average Volume 931,948
200-Day Moving Average 8.445
50-Day Moving Average 9.193
20-Day Moving Average 9.324
10-Day Moving Average 9.033
Average True Range 0.298
RSI (14) 38.65
ADX 22.45
+DI 21.627
-DI 43.294
Chandelier Exit (Long, 3 ATRs) 9.505
Chandelier Exit (Short, 3 ATRs) 9.275
Upper Bollinger Bands 10.057
Lower Bollinger Band 8.591
Percent B (%b) 0.07
BandWidth 15.714
MACD Line -0.141
MACD Signal Line -0.061
MACD Histogram -0.0807
Fundamentals Value
Market Cap 1.6 Billion
Num Shares 184 Million
EPS 2.18
Price-to-Earnings (P/E) Ratio 3.98
Price-to-Sales 15.99
Price-to-Book 10.71
PEG Ratio 0.00
Dividend 2.15
Dividend Yield 24.74%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.455
Resistance 3 (R3) 9.437 9.163 9.328
Resistance 2 (R2) 9.163 8.969 9.173 9.285
Resistance 1 (R1) 8.927 8.848 8.790 8.945 9.242
Pivot Point 8.653 8.653 8.585 8.663 8.653
Support 1 (S1) 8.417 8.459 8.280 8.435 8.138
Support 2 (S2) 8.143 8.338 8.153 8.095
Support 3 (S3) 7.907 8.143 8.053
Support 4 (S4) 7.925