MANULIFE FINANCIAL CORP (MFC.CA) Stock Technical Analysis
TSX:MFC - Toronto Stock Exchange - CA56501R1064 - Common Stock - Currency: CAD
Overall MFC gets a technical rating of 6 out of 10. MFC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
MFC is one of the better performing stocks in the Insurance industry, it outperforms 82% of 82 stocks in the same industry.
MFC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MFC is performing more or less in line with the market.
In the last month MFC has a been trading in the 41.88 - 44.98 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 8836810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MFC is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, MFC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 43.65, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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 43.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.55 from a trend line in the weekly time frame.
- Support @38.94 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 43.94 to 44.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | UP | POSITIVE | The long term trend for MFC.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFC.CA is up. |
| ChartMill Relative Strength | 74.02 | POSITIVE | MFC.CA has a high relative strength, it outperformed 74.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.76 | NEUTRAL | The RSI value for MFC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MFC.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.04 | NEUTRAL | The Stochastics value for MFC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for MFC.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 9.31 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.02 | 42.28 | 1.74 (3.95%) | 25.00% |
| An entry @44.02. This is a Buy Stop order right above the resistance zone. | An exit @42.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.74 points, which is 3.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:MFC (6/3/2025, 7:00:00 PM)
43.86
+0.16 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.37%
1 Week1.32%
2 Weeks-2.19%
1 Month0.5%
3 Month4.06%
6 Month-4.41%
12 Month23.04%
2 Year74.88%
3 Year96.19%
5 Year137.09%
10 Year88.67%
15 Year183.43%
Volatility
ATR(14)0.8
ATR(20)%1.99%
ATR Inc-44.92%
Range Today0.53
ADR(20)0.76
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.02
Mansfield0.34
10 Day High44.84
10 Day Low42.29
20 Day High44.99
20 Day Low41.88
52 Week High46.42
52 Week Low32.87
CS1 End43.65
CR1 Start43.94
Volume & EV
DER(3)-0.55%
DER(5)-0.09%
Volume10.70M
Volume Incr9.19%
Vol(5)11.99M
Vol(50)8.84M