MANULIFE FINANCIAL CORP (MFC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MFC • CA56501R1064
We assign a technical rating of 10 out of 10 to MFC. Both in the recent history as in the last year, MFC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MFC is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, MFC also shows a nice and consistent pattern of rising prices.
- MFC is one of the better performing stocks in the Insurance industry, it outperforms 92% of 149 stocks in the same industry.
- MFC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MFC has a been trading in the 36.31 - 38.72 range, which is quite wide. It is currently trading near the high of this range.
- MFC has an average volume of 1872930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
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 38.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.00, a Stop Loss order could be placed below this zone.
More info and screens
30.44
When analyzing the support we can see 6 important areas.
- A support zone ranging from 37.54 to 38.00. 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 36.24 to 36.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.67 from a trend line in the weekly time frame.
- Support @32.44 from a horizontal line in the daily time frame.
- A support zone ranging from 31.57 to 31.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @30.75 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 38.27 to 38.56. 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 | 78.88 | POSITIVE | MFC has a high relative strength, it outperformed 78.88% 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) | 60.13 | NEUTRAL | The RSI value for MFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.27 | NEUTRAL | The Stochastics value for MFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for MFC suggests low volalility. |
| Average Directional Index/ADX (14) | 16.43 | NEGATIVE | The low ADX value for MFC suggests a weak or negative 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 |
|---|---|---|---|
| 38.57 | 37.53 | 1.04 (2.70%) | 25.00% |
| An entry @38.57. This is a Buy Stop order right above the resistance zone. | An exit @37.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.04 points, which is 2.70%. | For a 0.67% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
38.26
+0.26 (+0.68%)
MANULIFE FINANCIAL CORP / MFC FAQ
What is the technical rating for MFC stock?
ChartMill assigns a technical rating of 10 / 10 to MFC.
Can you provide the trend direction for MANULIFE FINANCIAL CORP?
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 60.1308. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MANULIFE FINANCIAL CORP?
The MACD indicator for MANULIFE FINANCIAL CORP (MFC) has a value of -0.0152965, indicating a bearish trend.
Can you provide the short term momentum for MANULIFE FINANCIAL CORP?
The short term momentum for MANULIFE FINANCIAL CORP (MFC) is positive.