Technical analysis from Manulife Financial (MFC.TO.TO, TSE:MFC.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Manulife Financial
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Manulife Financial: Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
Manulife Financial: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Manulife Financial current price has highlighted recent buying pressure. Currently, the Elders Force Index is 109529.

Manulife Financial: Current trading activity signals DVI accumulation is present
Daily Volume Index /
Manulife Financial: Current trading activity signals DVI accumulation is present

[BULLISH]: Manulife Financial current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1083.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Manulife Financial [Bullish]

[BULLISH]: Manulife Financial currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.0%.

Average Directional Movement /
MFC: Average Directional Index has confirmed a weak trend @9.62

[Weak Trend]: ADX for MFC has confirmed a weak trend is present. Manulife Financial has an ATR(14) of 0.272, a DX of 14.03 & an ADX(14) of 9.62

On Balance Volume /
MFC: Current trading activity signals OBV accumulation is active

[BULLISH]: Manulife Financial current price has highlighted recent accumulation. Currently, the OBV is 2.87081e+007.

Opening Price /
Manulife Financial: Opening price is $24.97 (0.5 %)

[BULLISH]: Manulife Financial opening price has gapped up. Currently, the OPEN is $24.97 (0.5 %).

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High Price /
High for MFC has surpassed the high of the previous trading session

[BULLISH]: Manulife Financial current uptrend in the first timeframe. Currently, the HIGH is 1.0 %.

Relative Strength Index /
Relative Strength Index for MFC has crossed above the overbought limit triggering a bearish crossover signal

[BEARISH]: Manulife Financial is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @70.9

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[Bullish]: A higher close performance for MFC by 1.0 % achieved during last session
Closing Price /
[Bullish]: A higher close performance for MFC by 1.0 % achieved during last session

[BULLISH]: Manulife Financial current uptrend in the first timeframe. Currently, the Close is $25.15.

CMF highlights continued positive divergence for Manulife Financial
Chaikin Money Flow /
CMF highlights continued positive divergence for Manulife Financial

[BULLISH]: Manulife Financial current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.15. MFC The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.18

Open Tod Vs Close Tod /
Open/close reversal confirmed for Manulife Financial signalling the buyers were in control all day.

[BULLISH STRONG]: Manulife Financial opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 78.3%. This suggests the buyers were in control all day. Over the last 12 months there has been 50 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 19%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

Momentum /
Manulife Financial currently has positive momentum of 0.23

MFC: MOM Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH CROSSOVER (3) 20 Jun: BEARISH CROSSOVER

Medium Trend /
Manulife Financial has maintained the 2nd timeframe trend [Uptrend]

MFC: Medium Term Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Manulife Financial: Ulcer Index 0.941 [Low Stress]
Ulcer Index /
Manulife Financial: Ulcer Index 0.941 [Low Stress]

[BEARISH]: Manulife Financial UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.941.

Closing price ($25.15) for MFC is still below the Lower Envelope Band
Moving Average Envelope /
Closing price ($25.15) for MFC is still below the Lower Envelope Band

[BEARISH]: Manulife Financial current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 26.019.

Simple Moving Average /
Manulife Financial: Simple Moving Average(5) (24.936)

[BULLISH]: Manulife Financial currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.0%.

Pivot Points /
Manulife Financial: Look for a long limit order entry @$25.244

Manulife Financial current pivot point is: 25.107. The current resistance levels are: (R1) $25.244: (R2) $25.337: (R3) $25.474: The current support levels are: (S1) $25.014: (S2) $24.877: (S3) $24.784

Range Tod Vs Range Yest /
MFC: Price range ratio this month versus the year to date price range is 0.2000000000000000000x.

[BULLISH]: Manulife Financial buyers are increasingly eager. This is the first day buyers have increased eagerness for MFC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.7300. & the greatest daily price range this year has been $4.6600. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.2x.

Positive ROC for Manulife Financial is a leading indicator for continued price rise
Rate of Change /
Positive ROC for Manulife Financial is a leading indicator for continued price rise

[BULLISH]: Manulife Financial currently has positive rate of change of 1.575%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Manulife Financial: Potential CCI trend reversal has been identified
Commodity Channel Index /
Manulife Financial: Potential CCI trend reversal has been identified

[BEARISH CROSSOVER]: Manulife Financial current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 146. During the quarter, the highest CCI value was 207.

Buyers of Manulife Financial were in control at the market close.
Close Tod Vs Range Tod /
Buyers of Manulife Financial were in control at the market close.

[BULLISH]: Manulife Financial buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Manulife Financial adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 69 trading days with the closing price in the upper part of the range giving a confirmation ratio of 26.2%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 16 days in the upper price range compared to 22 days in the lower range giving a ratio of 0.7x.

Gap Up /
A short term Gap Up has formed with Manulife Financial

[BEARISH]: A short term Gap Up has formed with Manulife Financial which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 8 occurrences of this bar reversal giving a signal probability of 3%.

Fibonacci Extensions /
Manulife Financial: Look for a short limit order entry @$0

Manulife Financial has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for MFC should be set @$0 & short position stoploss for Manulife Financial should be set at $0

Fibonacci Retracements /
Manulife Financial: Look for a long limit order entry @$0

Manulife Financial is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for MFC should be set @$216.79 & Stoploss for Manulife Financial should be set between $216.79

Percentage Volume /
Negative momentum on volume for MFC is maintained & supports a bearish move is likely

[BEARISH]: Manulife Financial currently has negative PVO -4.66%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.2%.

[Long]: Entry price for MFC should be set @$25.266
Woodie Pivot Point /
[Long]: Entry price for MFC should be set @$25.266

Manulife Financial current pivot point (Woodie) is: $25.118. The current resistance levels are: (R1) $25.266: (R2) $25.348The current support levels are: (S1) $25.036: (S2) $24.888

Manulife Financial: William %R -6.8 is above the overbought limit (-6.8)
Williams %R /
Manulife Financial: William %R -6.8 is above the overbought limit (-6.8)

[BULLISH]: Manulife Financial is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Volume /
[Bullish]: New volume high has formed for MFC by 20.0 during the last trading session

[BULLISH]: Manulife Financial current volume uptrend in the first timeframe. Volume for MFC is 2.27842e+006 (20.0).

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