MANULIFE FINANCIAL CORP (MFC) Stock Technical Analysis
USA - NYSE:MFC - CA56501R1064 - Common Stock
31.89 USD
+0.1 (+0.31%)
31.89 USD
0 (0%)
Taking everything into account, MFC scores 6 out of 10 in our technical rating. In the last year, MFC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MFC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MFC is lagging the market slightly.
In the last month MFC has a been trading in the 29.70 - 31.91 range, which is quite wide. It is currently trading near the high of this range.
MFC has an average volume of 2111480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, MFC turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
MFC is part of the Insurance industry. There are 146 other stocks in this industry, MFC did better than 63% of them.
MFC has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
27.42
33.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 31.82 to 31.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 29.83 to 30.94. This zone is formed by a combination of multiple trend lines and important moving averages 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 32.55 to 32.88. 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 | UP | POSITIVE | The short term trend for MFC is up. |
| ChartMill Relative Strength | 56.18 | NEUTRAL | MFC is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of MFC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.39 | NEUTRAL | The RSI value for MFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests MFC has a positive trend. |
| Stochastics (14,3) | 93.69 | OVERBOUGHT | The high Stochastics value suggests MFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for MFC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.77 | 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)
31.89
+0.1 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.31%
1 Week4.01%
2 Weeks3.98%
1 Month4.25%
3 Month2.28%
6 Month8.21%
12 Month13.57%
2 Year74.45%
3 Year103.51%
5 Year129.26%
10 Year106.01%
15 Year152.49%
Volatility
ATR(14)0.46
ATR(20)%1.42%
ATR Inc41.1%
Range Today0.34
ADR(20)0.43
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.18
Mansfield-0.61
10 Day High31.92
10 Day Low30.2
20 Day High31.92
20 Day Low29.7
52 Week High33.07
52 Week Low25.92
CS1 End31.82
CR1 Start32.55
Volume & EV
DER(3)1.53%
DER(5)1.01%
Volume1.04M
Volume Incr-30.75%
Vol(5)1.74M
Vol(50)2.11M