Technical Analysis for MFC - Manulife Financial Corporation

Grade Last Price % Change Price Change
A 26.15 0.54% 0.14
MFC closed up 0.54 percent on Wednesday, May 15, 2024, on 61 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
New Uptrend Bullish 0.54%
180 Bullish Setup Bullish Swing Setup 0.54%
NR7 Range Contraction 0.54%
Upper Bollinger Band Walk Strength 0.54%
Inside Day Range Contraction 0.54%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 14 hours ago
60 Minute Opening Range Breakdown about 17 hours ago
Upper Bollinger Band Resistance about 17 hours ago
Bullish 180 Entry about 18 hours ago
Rose Above Previous Day's High about 18 hours ago

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Profile

Manulife Financial Corporation Description

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. Its products and services include individual life insurance, group life and health insurance, long-term care services, pension products, annuities, mutual funds, and banking products. The company also offers retirement products to group benefit plans; reinsurance services, such as property and casualty retrocession; and asset management services to institutional customers. It markets its products under the Manulife Financial and John Hancock brand names. The company provides its products and services through various distribution channels, including insurance agents and brokers, securities brokerage firms, financial planners, pension plan sponsors, pension plan consultants, and banks. Manulife Financial Corporation was founded in 1887 and is headquartered in Toronto, Canada.


Classification

Sector: Financial Services
Industry: Insurance - Life
Keywords: Banking Insurance Asset Management Services Health Insurance Securities Brokerage S&P/Tsx 60 Index Wealth Management Products Insurance Agents Retirement Products Reinsurance Services Individual Life Insurance Pension Products Long Term Care Services

Is MFC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 26.27
52 Week Low 16.6287
Average Volume 2,932,470
200-Day Moving Average 20.78
50-Day Moving Average 24.13
20-Day Moving Average 24.22
10-Day Moving Average 25.05
Average True Range 0.46
RSI (14) 72.30
ADX 28.07
+DI 41.65
-DI 12.76
Chandelier Exit (Long, 3 ATRs) 24.89
Chandelier Exit (Short, 3 ATRs) 23.99
Upper Bollinger Bands 26.34
Lower Bollinger Band 22.09
Percent B (%b) 0.95
BandWidth 17.53
MACD Line 0.58
MACD Signal Line 0.31
MACD Histogram 0.2782
Fundamentals Value
Market Cap 47.23 Billion
Num Shares 1.81 Billion
EPS 5.21
Price-to-Earnings (P/E) Ratio 5.02
Price-to-Sales 2.07
Price-to-Book 1.34
PEG Ratio 11.20
Dividend 1.43
Dividend Yield 5.47%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.55
Resistance 3 (R3) 26.54 26.41 26.48
Resistance 2 (R2) 26.41 26.31 26.41 26.46
Resistance 1 (R1) 26.28 26.24 26.34 26.28 26.44
Pivot Point 26.14 26.14 26.17 26.14 26.14
Support 1 (S1) 26.01 26.04 26.08 26.02 25.86
Support 2 (S2) 25.88 25.98 25.88 25.84
Support 3 (S3) 25.75 25.88 25.82
Support 4 (S4) 25.75