The Hourly View for MFG
At the moment, MFG (Get Ratings)’s price is up $0.01 (0.33%) from the hour prior. MFG has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 100 and 20 hour changed directions on MFG; they are now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
MFG ranks 84th in terms of today’s price percentage change out of Banking stocks.
MFG’s Technical Outlook on the Daily Chart
At the time of this writing, MFG’s price is down $-0.02 (-0.69%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows MFG’s price action over the past 90 days.
For MFG News Traders
Investors and traders in MFG may be particularly interested in the following story that came out in the past day:
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