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MANULIFE FINANCIAL CORP - MFCCN 5.978 PERP (MFC-PR-I.CA) Stock Technical Analysis

TSX:MFC-PR-I - Toronto Stock Exchange - CA56501R7830 - Currency: CAD

24.8  +0.14 (+0.57%)

Technical Rating and Analysis

6

Taking everything into account, MFC-PR-I scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MFC-PR-I is only an average performer.

MFC-PR-I is part of the Insurance industry. There are 85 other stocks in this industry, of which 60% are performing better than MFC-PR-I.
Warning: MFC-PR-I has an average volume of 4678 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MFC-PR-I is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so MFC-PR-I slightly outperforms the market at the moment.
When compared to the yearly performance of all other stocks, MFC-PR-I outperforms 64% of them, which is more or less in line with the market.
In the last month MFC-PR-I has a been trading in a tight range between 24.54 and 24.95.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
MANULIFE FINANCIAL CORP - MFCCN 5.978 PERP / MFC-PR-I Weekly stock chart
MANULIFE FINANCIAL CORP - MFCCN 5.978 PERP / MFC-PR-I Daily stock chart
Setup Rating and Analysis

8

MFC-PR-I has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.77, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

23.66

25.23

We found 1 important support area.

  • A support zone ranging from 23.90 to 24.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 24.82 to 24.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.49
Mansfield-0.03
10 Day High24.94
10 Day Low24.54
20 Day High24.95
20 Day Low24.54
52 Week High25.09
52 Week Low22.01
Performance
1 Week-0.04%
2 Weeks-0.6%
1 Month0.32%
3 Month2.99%
6 Month0.85%
12 Month12.17%
2 Year8.2%
3 Year-0.96%
5 Year83.7%
10 Year-2.09%
15 YearN/A

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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)

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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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)51.28
LBB24.61
UBB25

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
24.9924.530.46 (1.84%)25.00%
An entry @24.99. This is a Buy Stop order right above the resistance zone.An exit @24.53. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.46 points, which is 1.84%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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MANULIFE FINANCIAL CORP - MFCCN 5.978 PERP / MFC-PR-I Daily stock chart

MANULIFE FINANCIAL CORP - MFCCN 5.978 PERP

TSX:MFC-PR-I (3/7/2025, 7:00:00 PM)

24.8

+0.14 (+0.57%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.57%
1 Week-0.04%
2 Weeks-0.6%
1 Month0.32%
3 Month2.99%
6 Month0.85%
12 Month12.17%
2 Year8.2%
3 Year-0.96%
5 Year83.7%
10 Year-2.09%
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.6%
ATR Inc1.88%
Range Today0.11
ADR(20)0.12
ADR(20)%0.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.49
Mansfield-0.03
10 Day High24.94
10 Day Low24.54
20 Day High24.95
20 Day Low24.54
52 Week High25.09
52 Week Low22.01
CS1 End24.77
CR1 Start24.82
Volume & EV
DER(3)0%
DER(5)-0.44%
Volume1.33K
Volume Incr60.55%
Vol(5)7.55K
Vol(50)4.68K