MACKENZIE FLOATING RATE INC (MFT.CA) Stock Technical Analysis
TSX:MFT - Toronto Stock Exchange - CA55453X1033 - ETF - Currency: CAD
Taking everything into account, MFT scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MFT was also a bad performer in the overall market in the last year.
Although the technical rating is bad, MFT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 16.55, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.06
We found 1 important support area.
- A support zone ranging from 16.22 to 16.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.17 to 17.57. 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 | DOWN | NEGATIVE | The long term trend for MFT.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MFT.CA is neutral. |
| ChartMill Relative Strength | 22.39 | NEGATIVE | MFT.CA has a low relative strength, it was outperformed by 77.61% 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) | 58.51 | 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) | 78.43 | NEUTRAL | The Stochastics value for MFT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for MFT.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.16 | NEUTRAL | The ADX value for MFT.CA suggests a possible start of a new trend. |
TSX:MFT (7/17/2025, 7:00:00 PM)
16.58
+0.06 (+0.36%)