MANULIFE FINANCIAL CORP (MFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MFC - CA56501R1064 - Common Stock
Overall MFC gets a technical rating of 9 out of 10. 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. There is a resistance zone just above the current price starting at 35.66. Right above this resistance zone may be a good entry point.
More info and screens
29.60
5 important support areas can be observed.
- A support zone ranging from 33.39 to 33.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.35 to 32.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 31.57 to 31.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.66 to 31.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.90 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.66 to 35.66. 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 | 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 | 77.47 | POSITIVE | MFC has a high relative strength, it outperformed 77.47% 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) | 67.37 | NEUTRAL | The RSI value for MFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 88.5 | OVERBOUGHT | The high Stochastics value suggests MFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for MFC suggests low volalility. |
| Average Directional Index/ADX (14) | 32.32 | POSITIVE | The high ADX value value for MFC suggests a strong 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 |
|---|---|---|---|
| 35.67 | 34.81 | 0.86 (2.41%) | 25.00% |
| An entry @35.67. This is a Buy Stop order right above the resistance zone. | An exit @34.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.86 points, which is 2.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- 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.
35.65
+0.16 (+0.45%)
MANULIFE FINANCIAL CORP / MFC FAQ
What is the technical rating for MFC stock?
ChartMill assigns a technical rating of 9 / 10 to MFC.
What is the trend direction for MFC stock?
The current trend direction for MANULIFE FINANCIAL CORP (MFC) is Bullish.
What is the RSI signal for MANULIFE FINANCIAL CORP (MFC) stock?
MANULIFE FINANCIAL CORP (MFC) has an RSI value of 67.3705. 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.
What are the support and resistance levels for MANULIFE FINANCIAL CORP (MFC) stock?
MANULIFE FINANCIAL CORP (MFC) has a support level at 33.94 and a resistance level at 35.66. Check the full technical report for our detailed analysis of MFC support and resistance levels.