What moved Magellan Financial Group Limited (ASX: MFG.AX) stock today?

Today's move in MFG.AX on the ASX came alongside volume -30.51% below average and a day range of $8.35–$8.54.

How much did Magellan Financial Group Limited's (ASX: MFG.AX) volume change today?

MFG.AX's volume on the ASX was 718.04K, -30.51% below its average.

Is Magellan Financial Group Limited (ASX: MFG.AX) breaking a resistance level?

MFG.AX on the ASX is trading below its 50-day MA ($9.08) and below its 200-day MA ($9.34), which points to short-term and long-term weakness.

Why Is Magellan Financial Group Limited (ASX: MFG.AX) Stock Up Today?

Q: Why is Magellan Financial Group Limited (ASX: MFG.AX) stock up today?

MFG.AX on the ASX is up +0.59% at $8.46 today, with price action that suggests buying interest.

Live update on MFG.AX's movement on the ASX, with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.

MFG.AX●ASX

Financial ServicesAsset Management

$8.46

$0.05(0.59%)

Australian Market opens in 49h 42m

Magellan Financial Group Limited (ASX: MFG.AX) Update

Day Change

0.59%

↑ 0.59%

Volume (Unusual)

718.04K

↓ 31.00%

Open / Previous Close

$8.48 / $8.41

Day Range (Low / High)

$8.35 - $8.54

Magellan Financial Group Limited (ASX: MFG.AX) Summary

Magellan Financial Group Limited (ASX: MFG.AX) is trading up +0.59% at $8.46, reflecting a positive shift in investor sentiment today. The stock opened at $8.48 and has moved between $8.35 and $8.54 so far.

Trading volume is 718036, which is 31% below its average, and the price action suggests buying interest.

Technically, MFG.AX on the ASX is trading below its 50-day moving average of $9.08 and below its 200-day moving average of $9.34, indicating short-term and long-term weakness.

Meyka's AI assigns MFG.AX a grade of B (Overall moderate), reflecting its assessment of fundamentals and sentiment. Forecast models project potential returns of -12.06% in 1 month ($7.44), +6.17% in 1 year ($8.98), and +7.65% in 5 years ($9.11).

See full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement on the ASX.
Stay informed and make better investment decisions.

MFG.AX (ASX) Technical Signals

Trading below 50-day moving average ($9.08)

Trading below 200-day moving average ($9.34)

Analyst Recommendations data is not available for MFG.AXAnalyst Recommendations details for MFG.AX are currently unavailable. We're actively monitoring for updates and will publish them as soon as they’re released. Please check back again shortly.

Price Forecast

1 Month

$7.44

1 Year

$8.98

3 Years

$9.05

5 Years

$9.11

Good65.00

Is this change significant?

5-Day:+3.05%

1-Month:-0.59%

3-Month:-14.20%

What's next?

Next earnings date: 7/30/2025