Technical Analysis for MFC - Manulife Financial Corporation

Grade Last Price % Change Price Change
A 26.30 -1.20% -0.32
MFC closed down 1.2 percent on Monday, July 1, 2024, on 41 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish -1.20%
New 52 Week High Strength -1.20%
Overbought Stochastic Strength -1.20%

   Recent Intraday Alerts

Alert Time
Down 1% about 10 hours ago
60 Minute Opening Range Breakdown about 10 hours ago
Outside Day about 10 hours ago
Fell Below Previous Day's Low about 10 hours ago
Upper Bollinger Band Resistance about 10 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 26.89
52 Week Low 16.4443
Average Volume 2,639,568
200-Day Moving Average 21.80
50-Day Moving Average 25.23
20-Day Moving Average 25.89
10-Day Moving Average 26.04
Average True Range 0.49
RSI (14) 56.71
ADX 22.04
+DI 28.97
-DI 21.65
Chandelier Exit (Long, 3 ATRs) 25.42
Chandelier Exit (Short, 3 ATRs) 26.20
Upper Bollinger Bands 26.68
Lower Bollinger Band 25.10
Percent B (%b) 0.76
BandWidth 6.11
MACD Line 0.26
MACD Signal Line 0.22
MACD Histogram 0.038
Fundamentals Value
Market Cap 47.5 Billion
Num Shares 1.81 Billion
EPS 5.21
Price-to-Earnings (P/E) Ratio 5.05
Price-to-Sales 2.07
Price-to-Book 1.34
PEG Ratio 11.20
Dividend 1.43
Dividend Yield 5.44%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.36
Resistance 3 (R3) 27.44 27.16 27.18
Resistance 2 (R2) 27.16 26.89 27.12 27.12
Resistance 1 (R1) 26.73 26.73 26.60 26.65 27.06
Pivot Point 26.46 26.46 26.39 26.42 26.46
Support 1 (S1) 26.03 26.19 25.89 25.95 25.54
Support 2 (S2) 25.75 26.02 25.71 25.48
Support 3 (S3) 25.32 25.75 25.42
Support 4 (S4) 25.24