NYSE:MFC - New York Stock Exchange, Inc. - CA56501R1064 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MFC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MFC is showing a nice and steady performance.
Besides having an excellent technical rating, MFC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 31.57. Right above this resistance zone may be a good entry point.
26.66
When analyzing the support we can see 5 important areas.
2 important resistance areas can be observed.
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 | 81.87 | POSITIVE | MFC has a high relative strength, it outperformed 81.87% 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) | 55.05 | NEUTRAL | The RSI value for MFC is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MFC has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 64.36 | NEUTRAL | The Stochastics value for MFC is a neutral value. |
Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for MFC suggests some volalility. |
Average Directional Index/ADX (14) | 11.29 | 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 |
---|---|---|---|
31.86 | 31.27 | 0.59 (1.85%) | 25.00% |
An entry @31.86. This is a Buy Stop order right above the resistance zone. | An exit @31.27. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.59 points, which is 1.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%. |
31.51
-0.25 (-0.79%)