Manulife Financial Corporation (MFC.TO) ranks 10th of 62 stocks in the SIA S&P-TSX 60 Index Report, placing it in the Favored Green Zone. Its position is unchanged over the past month and down three places over the past quarter. The stock carries a SIA SMAX score of 9/10.
Manulife has returned 3.53% over the past month, 8.72% over the past quarter and 27.17% year to date. The S&P-TSX Composite Index returned −2.91%, 1.46% and 11.91% over the same periods, respectively.
The stock’s latest point and figure signal is a Double Top. Near-term support sits at the three-box reversal level of $57.82, followed by $50.33. The first resistance level stands at $66.41, with further resistance around $70.48 representing the next level to watch.
The Insurance sector ranks 15th of 31 sectors in the SIA Sector Report and remains in the Neutral Yellow Zone. Manulife’s top-ten position in the stock report is stronger than the broader sector reading. Investment advisors can consider that distinction alongside the stock’s relative performance and technical levels when reviewing its place within their portfolio strategies.
Founded in 1887 and headquartered in Toronto, Manulife provides insurance, wealth and asset management services across Canada, Asia and the United States, where it operates primarily as John Hancock. Its businesses span Asian insurance and wealth accumulation, Canadian insurance and banking, U.S. insurance, and global investment solutions for retail, retirement and institutional clients.
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