MANULIFE FINANCIAL CORP (MFC.CA) Stock Technical Analysis
TSX:MFC - Toronto Stock Exchange - CA56501R1064 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to MFC. MFC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MFC is one of the better performing stocks in the Insurance industry, it outperforms 75% of 79 stocks in the same industry.
MFC 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 is lagging the market slightly.
In the last month MFC has a been trading in the 41.52 - 44.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MFC has an average volume of 9547210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, MFC turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
Considerably lower volume is observed in the last couple of days.
MFC has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
38.55
46.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 42.18 to 42.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.34 from a trend line in the weekly time frame.
- Support @38.94 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 42.92 to 43.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 45.06 to 45.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 46.06 to 46.36. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for MFC.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MFC.CA is neutral. |
| ChartMill Relative Strength | 58.84 | NEUTRAL | MFC.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MFC.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MFC.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MFC.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46 | NEUTRAL | The RSI value for MFC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MFC.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.08 | NEUTRAL | The Stochastics value for MFC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for MFC.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.34 | NEGATIVE | The low ADX value for MFC.CA suggests a weak or negative 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)
TSX:MFC (7/2/2025, 7:00:00 PM)
42.74
-0.8 (-1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.84%
1 Week-1.25%
2 Weeks1.47%
1 Month-2.55%
3 Month8.2%
6 Month-3.52%
12 Month17.64%
2 Year62.14%
3 Year82.34%
5 Year138.11%
10 Year84.46%
15 Year161.57%
Volatility
ATR(14)0.71
ATR(20)%1.56%
ATR Inc14.57%
Range Today1.19
ADR(20)0.65
ADR(20)%1.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.84
Mansfield-0.45
10 Day High44.33
10 Day Low41.52
20 Day High44.5
20 Day Low41.52
52 Week High46.42
52 Week Low32.87
CS1 End43.78
CR1 Start43.94
Volume & EV
DER(3)-0.44%
DER(5)-0.7%
Volume4.55M
Volume Incr-37.24%
Vol(5)5.92M
Vol(50)9.55M