MANULIFE FINANCIAL CORP (MFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MFC - CA56501R1064 - Common Stock
Overall MFC gets a technical rating of 10 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.
MFC has an excellent technical rating, but the quality of the setup is only medium 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
30.44
We found 3 important support areas.
- A support zone ranging from 33.85 to 34.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.35 to 32.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.75 to 31.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.17 to 36.18. 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 | 81.16 | POSITIVE | MFC has a high relative strength, it outperformed 81.16% 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) | 67.9 | NEUTRAL | The RSI value for MFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MFC has a positive trend. |
| Stochastics (14,3) | 80.47 | OVERBOUGHT | The high Stochastics value suggests MFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for MFC suggests low volalility. |
| Average Directional Index/ADX (14) | 34.52 | POSITIVE | The high ADX value value for MFC suggests a strong trend. |
36.16
-0.01 (-0.03%)
MANULIFE FINANCIAL CORP / MFC FAQ
What is the technical rating for MFC stock?
ChartMill assigns a technical rating of 10 / 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 67.9002. 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 34.31 and a resistance level at 36.17. Check the full technical report for our detailed analysis of MFC support and resistance levels.