Following these proceedings, Barclays initiated its Manulife Financial Corp [MFC] rating to an Equal weight in a research note published recently. A number of analysts have revised their coverage, including National Bank Financial’s analysts, who increased its forecast for the stock in early May from “a Sector perform” to “an Outperform”. Jefferies began covering MFC with “Buy” recommendation on February 22, 2024. RBC Capital Mkts revised its rating on December 12, 2023. It rated MFC as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of MFC
On Monday, Manulife Financial Corp [NYSE:MFC] saw its stock jump 2.76% to $31.60. Over the last five days, the stock has gained 0.93%. Manulife Financial Corp shares have risen nearly 2.90% since the year began. Nevertheless, the stocks have risen 29.14% over the past one year. While a 52-week high of $33.07 was reached on 02/20/25, a 52-week low of $23.30 was recorded on 04/07/25. SMA at 50 days reached $29.94, while 200 days put it at $29.64.
Levels Of Support And Resistance For MFC Stock
The 24-hour chart illustrates a support level at 31.35, which if violated will result in even more drops to 31.11. On the upside, there is a resistance level at 31.90. A further resistance level may holdings at 32.20. The Relative Strength Index (RSI) on the 14-day chart is 60.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.47%. Stochastics %K at 78.70% indicates the stock is a holding.
The most recent change occurred on January 12, 2023 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating .
