MANULIFE FINANCIAL CORP (MFC) Stock Technical Analysis
NYSE:MFC - New York Stock Exchange, Inc. - CA56501R1064 - Common Stock - Currency: USD
Overall MFC gets a technical rating of 2 out of 10. 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 part of the Insurance industry. There are 141 other stocks in this industry. MFC outperforms 71% of them.
In the last month MFC has a been trading in the 29.80 - 31.68 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 2182630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, MFC outperforms 55% of them, which is more or less in line with the market.
MFC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MFC is lagging the market.
MFC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 30.38, a Stop Loss order could be placed below this zone.
More info and screens
27.42
33.20
We found 2 important support areas.
- A support zone ranging from 29.46 to 30.38. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 30.46 to 31.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @31.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 32.66 to 32.87. 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 is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MFC is neutral. |
| ChartMill Relative Strength | 55.23 | NEUTRAL | MFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MFC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MFC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.79 | NEUTRAL | The RSI value for MFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.52 | NEUTRAL | The Stochastics value for MFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for MFC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.28 | NEGATIVE | The low ADX value for MFC 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)
30.38
-0.21 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.69%
1 Week0.96%
2 Weeks-0.23%
1 Month-1.43%
3 Month-5.06%
6 Month2.32%
12 Month16.22%
2 Year64.39%
3 Year75.71%
5 Year105.97%
10 Year87.18%
15 Year172.71%
Volatility
ATR(14)0.56
ATR(20)%1.72%
ATR Inc-41.85%
Range Today0.39
ADR(20)0.49
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.23
Mansfield-0.88
10 Day High31.39
10 Day Low29.8
20 Day High31.68
20 Day Low29.8
52 Week High33.07
52 Week Low25.72
CS1 End30.38
CR1 Start30.46
Volume & EV
DER(3)0.14%
DER(5)2.1%
Volume3.07M
Volume Incr37.08%
Vol(5)2.76M
Vol(50)2.18M