MANULIFE FINANCIAL CORP (MFC) Technical Analysis
NYSE:MFC • CA56501R1064
Current stock price
38.8 USD
+0.95 (+2.51%)
At close:
38.85 USD
+0.05 (+0.13%)
After Hours:
MFC Technical Rating and Analysis
Taking everything into account, MFC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MFC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MFC did better than 72% of all other stocks. We also observe that the gains produced by MFC over the past year are nicely spread over this period.
- MFC is one of the better performing stocks in the Insurance industry, it outperforms 89% of 148 stocks in the same industry.
- A new 52 week high is currently being made by MFC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MFC has a been trading in the 33.49 - 38.85 range, which is quite wide. It is currently trading near the high of this range.
- MFC has an average volume of 2665010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MFC Weekly and Daily overview Charts
MFC Setup Rating and Analysis
Although MFC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MFC Support and Resistance Analysis
31.95
39.20
We found 4 important support areas.
- A support zone ranging from 35.26 to 35.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.99 to 33.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.39 to 33.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.27 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 38.81 to 38.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
MFC Technical Indicator Signal Analysis
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFC is up. |
| ChartMill Relative Strength | 72.67 | POSITIVE | MFC has a high relative strength, it outperformed 72.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.52 | OVERBOUGHT | The high RSI value suggests MFC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests MFC has a positive trend. |
| Stochastics (14,3) | 98.25 | OVERBOUGHT | The high Stochastics value suggests MFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for MFC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.98 | NEUTRAL | The ADX value for MFC suggests a possible start of a new trend. |
MFC Chart- and CandleStick Pattern Analysis
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)
MFC Technicals: Chart, Performance Metrics, Trend & Indicators
38.8
+0.95 (+2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2.51%
1 Week6.27%
2 Weeks12.66%
1 Month12.33%
3 Month3.83%
6 Month22.63%
12 Month35.62%
2 Year66.38%
3 Year96.46%
5 Year77.57%
10 Year163.41%
15 Year115.91%
Volatility
ATR(14)0.75
ATR(20)%1.84%
ATR Inc19.95%
Range Today1
ADR(20)0.63
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.67
3 months CRS73.53
6 months CRS85.26
Mansfield0.8
10 Day High38.85
10 Day Low34.15
20 Day High38.85
20 Day Low33.49
52 Week High38.85
52 Week Low28.13
CS1 End35.75
CR1 Start38.81
Volume & EV
DER(3)0.46%
DER(5)0.99%
Volume1.82M
Volume Incr-3.94%
Vol(5)1.90M
Vol(50)2.67M
MANULIFE FINANCIAL CORP / MFC TA FAQ
What is the technical rating for MFC stock?
ChartMill assigns a technical rating of 9 / 10 to MFC.
Can you provide the trend direction for MANULIFE FINANCIAL CORP?
The current trend direction for MANULIFE FINANCIAL CORP (MFC) is Bullish.
Can you provide the RSI signal for MANULIFE FINANCIAL CORP?
MANULIFE FINANCIAL CORP (MFC) has an RSI value of 77.5168. This indicates that the stock is currently overbought.
What is the short term momentum for MANULIFE FINANCIAL CORP (MFC) stock?
The short term momentum for MANULIFE FINANCIAL CORP (MFC) is positive.
Can you provide the support and resistance levels for MANULIFE FINANCIAL CORP?
MANULIFE FINANCIAL CORP (MFC) has a support level at 35.75 and a resistance level at 38.81. Check the full technical report for our detailed analysis of MFC support and resistance levels.