Mitsubishi UFJ Financial Group stock trades under the ticker MUFG & has shown recent bullishness that traders & investors should take a closer look into.
MUFG stock closed at $6.26/share on 3/15/2022.
Mitsubishi UFJ Financial Group MUFG Stock’s Technicals Broken Down
MUFG Stock Price: $6.26
10 Day Moving Average: $6.01
50 Day Moving Average: $6.15
200 Day Moving Average: $5.73
RSI: 55.24
MACD: -0.035
Yesterday, MUFG stock completed a bullish MACD crossover, as it continued a 3 day rally higher.
MUFG stock has traded on above average volume this past month, when compared to the rest of the last year.
With a neutral RSI, and 2% between the 10 & 50 day moving averages, MUFG stock looks to have more bullish momentum to come in the near-term.
I’ll be watching it at the $6.30 & $6.42 resistance levels.
Mitsubish UFJ Financial Group MUFG Stock As A Long-Term Investment
Long-term oriented investors will like MUFG stock’s valuation metrics, with a P/E (ttm) of 7.52 & a P/B (mrq) of 0.52.
Their most recent reporting showed 51.4% increase in Quarterly Revenue Growth Y-o-Y.
Their balance sheet will require a closer examination, but appears to be in good shape, with $144T in Total Cash (mrq) & Total Debt (mrq) of $91.62T.
Moody’s rates MUFG’s credit rating an A1, which is considered upper medium grade.
MUFG stock offers a 3.71% dividend yield, which appears safe given their payout ratio is 26.8%.
Despite this, only 1.8% of MUFG stock’s outstanding share float is held by institutional investors.
Mitsubishi UFJ Financial Group MUFG Stock As A Short-Term Trade Using Options
Short-term oriented traders can trade MUFG stock options to hedge against volatility, while profiting off of price movements in any direction.
I am looking at the contracts with the 4/14 expiration date.
As there is an upcoming expiration date on Friday, there is limited open interest for MUFG options on this expiration date.
However, pending their open interest levels, the $5 calls & $7.50 could be interesting, if they become liquid.
The $7.50 & $10 puts would also be appealing, if they were liquid.
Tying It All Together
Overall, MUFG stock has many attributes that traders & investors alike will find appealing.
Their valuation metrics & dividend yield will be appealing to long-term focused investors.
Short-term oriented traders will like their current momentum, but will need to watch their April dated options contracts in the coming week to see if they become more liquid.
MUFG stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF MUFG STOCK ***