MANULIFE FINANCIAL CORP - MFCCN 5.542 PERP (MFC-PR-M.CA) Stock Technical Analysis
TSX:MFC-PR-M - Toronto Stock Exchange - CA56501R6923 - Currency: CAD
We assign a technical rating of 8 out of 10 to MFC-PR-M. Although MFC-PR-M is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: MFC-PR-M has an average volume of 6933 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
MFC-PR-M is part of the Insurance industry. There are 79 other stocks in this industry. MFC-PR-M outperforms 70% of them.
MFC-PR-M is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MFC-PR-M is lagging the market slightly.
MFC-PR-M is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, MFC-PR-M outperforms 56% of them, which is more or less in line with the market.
In the last month MFC-PR-M has a been trading in a tight range between 23.90 and 25.07.
Although MFC-PR-M has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.74
25.31
4 important support areas can be observed.
- Support @24.31 from a trend line in the daily time frame.
- Support @21.89 from a trend line in the weekly time frame.
- Support @21.34 from a horizontal line in the weekly time frame.
- A support zone ranging from 20.95 to 21.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.72 to 25.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MFC-PR-M.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFC-PR-M.CA is up. |
| ChartMill Relative Strength | 56.24 | NEUTRAL | MFC-PR-M.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MFC-PR-M.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFC-PR-M.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFC-PR-M.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.58 | NEUTRAL | The RSI value for MFC-PR-M.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MFC-PR-M.CA has a negative trend. |
| Stochastics (14,3) | 10.09 | OVERSOLD | The low Stochastics value suggests MFC-PR-M.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for MFC-PR-M.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 38.91 | POSITIVE | The high ADX value value for MFC-PR-M.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
MANULIFE FINANCIAL CORP - MFCCN 5.542 PERP
TSX:MFC-PR-M (8/1/2025, 7:00:00 PM)
24.49
-0.21 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.85%
1 Week-1.57%
2 Weeks-2.04%
1 Month2.55%
3 Month10.56%
6 Month5.79%
12 Month12.86%
2 Year48.42%
3 Year26.89%
5 Year46.3%
10 Year16.62%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.68%
ATR Inc-11.39%
Range Today0.12
ADR(20)0.12
ADR(20)%0.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.24
Mansfield0.12
10 Day High24.99
10 Day Low24.47
20 Day High25.08
20 Day Low23.9
52 Week High25.08
52 Week Low20.75
CS1 End24.31
CR1 Start24.72
Volume & EV
DER(3)0%
DER(5)0%
Volume1.20K
Volume Incr-86.1%
Vol(5)949.2
Vol(50)6.93K