MANULIFE FINANCIAL CORP (MFC) Stock Technical Analysis
USA - NYSE:MFC - CA56501R1064 - Common Stock
Overall MFC gets a technical rating of 7 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.
MFC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 31.82, a Stop Loss order could be placed below this zone.
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27.42
3 important support areas can be observed.
- A support zone ranging from 31.45 to 31.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.90 to 30.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.16 to 32.90. 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFC is up. |
| ChartMill Relative Strength | 58.71 | NEUTRAL | MFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MFC is below 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) | 52.61 | NEUTRAL | The RSI value for MFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.48 | NEUTRAL | The Stochastics value for MFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for MFC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.24 | NEGATIVE | The low ADX value for MFC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 32.91 | 31.54 | 1.37 (4.16%) | 24.02% |
| An entry @32.91. This is a Buy Stop order right above the resistance zone. | An exit @31.54. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.37 points, which is 4.16%. | When investing 24.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
32.15
-0.39 (-1.2%)
MANULIFE FINANCIAL CORP / MFC FAQ
What is the technical rating for MFC stock?
ChartMill assigns a technical rating of 7 / 10 to MFC.
What is the trend direction for MFC stock?
The current trend direction for MANULIFE FINANCIAL CORP (MFC) is Bullish.
What is the RSI signal for MANULIFE FINANCIAL CORP (MFC) stock?
MANULIFE FINANCIAL CORP (MFC) has an RSI value of 52.608. This indicates that the stock is currently neutral.
What is the short term momentum for MANULIFE FINANCIAL CORP (MFC) stock?
The short term momentum for MANULIFE FINANCIAL CORP (MFC) is positive.
What are the support and resistance levels for MANULIFE FINANCIAL CORP (MFC) stock?
MANULIFE FINANCIAL CORP (MFC) has a support level at 31.82 and a resistance level at 32.16. Check the full technical report for our detailed analysis of MFC support and resistance levels.