MANULIFE FINANCIAL CORP (MFC) Technical Analysis
NYSE:MFC • CA56501R1064
Current stock price
MFC Technical Rating and Analysis
Overall MFC gets a technical rating of 5 out of 10. 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 part of the Insurance industry. There are 148 other stocks in this industry. MFC outperforms 83% of them.
- 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 33.35 - 36.75 range, which is quite wide. It is currently trading near the high of this range.
- MFC has an average volume of 2650150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, MFC outperforms 65% of them, which is more or less in line with the market.
- Considerably lower volume is observed in the last couple of days.
MFC Weekly and Daily overview Charts
MFC Setup Rating and Analysis
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
MFC Support and Resistance Analysis
31.86
When analyzing the support we can see 3 important areas.
- A support zone ranging from 34.67 to 35.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.39 to 33.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.18 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 38.12 to 38.56. 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 | 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 | 65.22 | 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) | DOWN | MIXED | The current price of MFC is above a declining 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) | 65.53 | NEUTRAL | The RSI value for MFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests MFC has a positive trend. |
| Stochastics (14,3) | 96.28 | OVERBOUGHT | The high Stochastics value suggests MFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for MFC suggests low volalility. |
| Average Directional Index/ADX (14) | 21.93 | NEUTRAL | The ADX value for MFC suggests a possible start of a new trend. |
MFC Chart- and CandleStick Pattern Analysis
MFC Technicals: Chart, Performance Metrics, Trend & Indicators
36.52
-0.07 (-0.19%)
MANULIFE FINANCIAL CORP / MFC TA FAQ
What is the technical rating for MFC stock?
ChartMill assigns a technical rating of 5 / 10 to MFC.
Can you provide the trend direction for MANULIFE FINANCIAL CORP?
The current trend direction for MANULIFE FINANCIAL CORP (MFC) is Bearish.
Can you provide the RSI signal for MANULIFE FINANCIAL CORP?
MANULIFE FINANCIAL CORP (MFC) has an RSI value of 65.5314. 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.
Can you provide the support and resistance levels for MANULIFE FINANCIAL CORP?
MANULIFE FINANCIAL CORP (MFC) has a support level at 35.56 and a resistance level at 38.12. Check the full technical report for our detailed analysis of MFC support and resistance levels.