MANULIFE FINANCIAL CORP (MFC) Stock Technical Analysis
NYSE:MFC - New York Stock Exchange, Inc. - CA56501R1064 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MFC. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MFC did better than 81% of all other stocks.
MFC is one of the better performing stocks in the Insurance industry, it outperforms 73% of 143 stocks in the same industry.
MFC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MFC is performing more or less in line with the market.
In the last month MFC has a been trading in the 30.05 - 32.19 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
MFC has an average volume of 2431190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, MFC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 31.57. Right above this resistance zone may be a good entry point.
More info and screens
26.66
33.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 31.28 to 31.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 30.43 to 30.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.83 from a trend line in the weekly time frame.
- Support @27.70 from a horizontal line in the weekly time frame.
- A support zone ranging from 26.93 to 27.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 31.57 to 31.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 32.67 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 | 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 | 81.87 | POSITIVE | MFC has a high relative strength, it outperformed 81.87% 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) | 55.05 | NEUTRAL | The RSI value for MFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.36 | NEUTRAL | The Stochastics value for MFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for MFC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.29 | 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 |
|---|---|---|---|
| 31.86 | 31.27 | 0.59 (1.85%) | 25.00% |
| An entry @31.86. This is a Buy Stop order right above the resistance zone. | An exit @31.27. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.59 points, which is 1.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%. |
- The distance between exit and entry is rather small compared to the average daily movement of MFC. Please evaluate whether better entry and exit points can be found.
- 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.
31.51
-0.25 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.79%
1 Week-0.91%
2 Weeks-0.76%
1 Month2.61%
3 Month1.12%
6 Month-1.93%
12 Month21.38%
2 Year70.14%
3 Year70.05%
5 Year153.91%
10 Year71.72%
15 Year88.8%
Volatility
ATR(14)0.73
ATR(20)%2.14%
ATR Inc-17.22%
Range Today0.46
ADR(20)0.58
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.87
Mansfield0.47
10 Day High32.19
10 Day Low30.54
20 Day High32.19
20 Day Low30.05
52 Week High33.07
52 Week Low23.3
CS1 End31.4
CR1 Start31.57
Volume & EV
DER(3)1.67%
DER(5)-0.12%
Volume1.51M
Volume Incr5.55%
Vol(5)2.52M
Vol(50)2.43M