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MACKENZIE FLOATING RATE INC (MFT.CA) Stock Technical Analysis

TSX:MFT - Toronto Stock Exchange - CA55453X1033 - ETF - Currency: CAD

16.6  +0.02 (+0.12%)

Technical Rating and Analysis

3

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.

77% of all other stocks performed better in the past year than MFT.
Warning: MFT has an average volume of 11768 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
MFT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MFT is lagging the market.
In the last month MFT has a been trading in a tight range between 16.42 and 16.62.
Weekly and Daily overview Charts
MACKENZIE FLOATING RATE INC / MFT Weekly stock chart
MACKENZIE FLOATING RATE INC / MFT Daily stock chart
Setup Rating and Analysis

9

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.

  • 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.
Support and Resistance Analysis

16.06

17.66

When analyzing the support we notice one important area.

  • A support zone ranging from 16.22 to 16.56. 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 3 important areas.

  • Resistance @16.63 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 17.17 to 17.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 17.46 to 17.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for MFT.CA is down.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for MFT.CA is up.
ChartMill Relative Strength23.19NEGATIVEMFT.CA has a low relative strength, it was outperformed by 76.81% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of MFT.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of MFT.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of MFT.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)61.18NEUTRALThe RSI value for MFT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests MFT.CA has a positive trend.
Stochastics (14,3)80.7OVERBOUGHTThe high Stochastics value suggests MFT.CA may be overbought.
Average True Range in percent/ATR (20)0.37LOW VOLATILITYThe low ATR as a percentage value for MFT.CA suggests low volalility.
Average Directional Index/ADX (14)15.36NEGATIVEThe low ADX value for MFT.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
MACKENZIE FLOATING RATE INC / MFT Daily stock chart

MACKENZIE FLOATING RATE INC

TSX:MFT (7/31/2025, 7:00:00 PM)

16.6

+0.02 (+0.12%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.12%
1 Week0.48%
2 Weeks0.61%
1 Month0.73%
3 Month1.22%
6 Month-2.46%
12 Month-3.2%
2 Year-5.03%
3 Year-6.9%
5 Year-9.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.37%
ATR Inc-14.44%
Range Today0.04
ADR(20)0.06
ADR(20)%0.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.19
Mansfield-1.03
10 Day High16.62
10 Day Low16.48
20 Day High16.62
20 Day Low16.42
52 Week High17.26
52 Week Low16.09
CS1 End16.56
CR1 Start16.63
Volume & EV
DER(3)1.89%
DER(5)1.46%
Volume4.60K
Volume Incr-6.09%
Vol(5)11.14K
Vol(50)11.77K