MANULIFE FINANCIAL CORP (MFC) Stock Technical Analysis
USA - NYSE:MFC - CA56501R1064 - Common Stock
31.96 USD
+0.55 (+1.75%)
31.96 USD
0 (0%)
We assign a technical rating of 6 out of 10 to MFC. 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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.
MFC has an average volume of 2089900 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 48% of all stocks.
MFC is part of the Insurance industry. There are 146 other stocks in this industry, MFC did better than 62% of them.
In the last month MFC has a been trading in the 30.50 - 32.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MFC has only a medium 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 31.82, a Stop Loss order could be placed below this zone.
More info and screens
27.42
33.21
We found 4 important support 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 30.75 to 31.31. 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 30.11. 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 found 1 important resistance area.
- A resistance zone ranging from 32.66 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 | 48.48 | 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) | UP | POSITIVE | The current price of MFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.72 | NEUTRAL | The RSI value for MFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MFC has a positive trend. |
| Stochastics (14,3) | 61.06 | NEUTRAL | The Stochastics value for MFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for MFC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.93 | 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)
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 |
|---|---|---|---|
| 32.89 | 31.81 | 1.08 (3.28%) | 25.00% |
| An entry @32.89. This is a Buy Stop order right above the resistance zone. | An exit @31.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.08 points, which is 3.28%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- 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.
31.96
+0.55 (+1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.75%
1 Week3.83%
2 Weeks1.2%
1 Month4.24%
3 Month0.25%
6 Month15.38%
12 Month5.69%
2 Year83.47%
3 Year93.11%
5 Year135.35%
10 Year92.65%
15 Year151.65%
Volatility
ATR(14)0.54
ATR(20)%1.64%
ATR Inc-10.51%
Range Today0.59
ADR(20)0.51
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.48
Mansfield-0.71
10 Day High31.96
10 Day Low30.52
20 Day High32.35
20 Day Low30.51
52 Week High33.07
52 Week Low25.92
CS1 End31.82
CR1 Start32.66
Volume & EV
DER(3)2.62%
DER(5)1.62%
Volume1.33M
Volume Incr-17.86%
Vol(5)1.44M
Vol(50)2.09M