TSX:MFT - Toronto Stock Exchange - CA55453X1033 - ETF - Currency: CAD
Overall MFT gets a technical rating of 3 out of 10. In the past year, MFT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, MFT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.56, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
16.06
When analyzing the support we notice one important area.
When analyzing the resistance we notice 3 important areas.
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 | DOWN | NEGATIVE | The long term trend for MFT.CA is down. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFT.CA is up. |
ChartMill Relative Strength | 23.19 | NEGATIVE | MFT.CA has a low relative strength, it was outperformed by 76.81% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFT.CA is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFT.CA is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MFT.CA is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 61.18 | NEUTRAL | The RSI value for MFT.CA is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MFT.CA has a positive trend. |
Stochastics (14,3) | 80.7 | OVERBOUGHT | The high Stochastics value suggests MFT.CA may be overbought. |
Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for MFT.CA suggests low volalility. |
Average Directional Index/ADX (14) | 15.36 | NEGATIVE | The low ADX value for MFT.CA suggests a weak or negative trend. |
TSX:MFT (7/31/2025, 7:00:00 PM)
16.6
+0.02 (+0.12%)