Technical Analysis for MFC - Manulife Financial Corporation

Grade Last Price % Change Price Change
A 33.830 1.20% 0.400
MFC closed up 1.2 percent on Thursday, March 28, 2024, on 1.74 times normal volume. 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
MACD Bullish Signal Line Cross Bullish 0.00%
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish 1.20%
180 Bullish Setup Bullish Swing Setup 1.20%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 17 hours ago
Up 1% about 21 hours ago
New 52 Week High about 22 hours ago
Bullish 180 Entry about 22 hours ago
Rose Above Previous Day's High about 22 hours ago

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Profile

Manulife Financial Corporation Description

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States. The Company's segments include Asia Division, Canadian Division, U.S. Division, and the Corporate and Other. The Company operates as Manulife in Canada and Asia and primarily as John Hancock in the United States. The product and service offerings under its Asia, Canadian and U.S. Divisions include Protection, Wealth and Asset Management, and Other Wealth. The Corporate and Other segment includes external asset management business, Property and Casualty (P&C) Reinsurance Business, and run-off reinsurance operations, including variable annuities, and accident and health.


Classification

Sector: Financial Services
Industry: Insurance - Life
Keywords: Financial Health S&P/Tsx 60 Index Financial Services Asset Management Insurance Manulife Life Insurance Reinsurance John Hancock Insurance Operations Gen Re Reinsurance Companies

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 34.05
52 Week Low 23.3636
Average Volume 7,253,878
200-Day Moving Average 27.093
50-Day Moving Average 31.467
20-Day Moving Average 32.683
10-Day Moving Average 32.958
Average True Range 0.470
RSI (14) 72.07
ADX 28.19
+DI 34.627
-DI 12.348
Chandelier Exit (Long, 3 ATRs) 32.640
Chandelier Exit (Short, 3 ATRs) 33.245
Upper Bollinger Bands 33.510
Lower Bollinger Band 31.855
Percent B (%b) 1.19
BandWidth 5.061
MACD Line 0.481
MACD Signal Line 0.464
MACD Histogram 0.0168
Fundamentals Value
Market Cap 65.62 Billion
Num Shares 1.94 Billion
EPS 2.65
Price-to-Earnings (P/E) Ratio 12.77
Price-to-Sales 0.62
Price-to-Book 0.89
PEG Ratio 0.80
Dividend 1.12
Dividend Yield 3.31%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.760
Resistance 3 (R3) 34.730 34.390 34.605
Resistance 2 (R2) 34.390 34.153 34.405 34.553
Resistance 1 (R1) 34.110 34.007 34.250 34.140 34.502
Pivot Point 33.770 33.770 33.840 33.785 33.770
Support 1 (S1) 33.490 33.533 33.630 33.520 33.158
Support 2 (S2) 33.150 33.387 33.165 33.107
Support 3 (S3) 32.870 33.150 33.055
Support 4 (S4) 32.900