Manulife Financial Corporation Stock Forecast
Manulife Financial Corporation stock price ended at HK$198.10 on Thursday, after losing 0%.
(Updated on Jun 20, 2024)
No changes to the price of Manulife Financial Corporation stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 1.22% from a day low at HK$197.10 to a day high of HK$199.50. The price has risen in 5 of the last 10 days but is still down by -0.8% for this period.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.13% during the next 3 months and, with a 90% probability hold a price between HK$210.64 and HK$235.60 at the end of this 3-month period.
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0945.HK Signals & Forecast
The Manulife Financial Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$197.99 and HK$197.83. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -4.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Manulife Financial Corporation stock
Manulife Financial Corporation finds support from accumulated volume at HK$190.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$2.40 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.30%
Our recommended stop-loss: HK$186.59 (-5.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (0945.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Manulife Financial Corporation to open at HK$198.23, and during the day (based on 14 day Average True Range), to move between HK$194.66 and HK$201.54, which gives a possible trading interval of +/-HK$3.44 (+/-1.74%) up or down from last closing price. If Manulife Financial Corporation takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$199.50 (0.71%) than the support at HK$190.50 (3.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Manulife Financial Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Manulife Financial Corporation stock to perform well in the short-term.
Current score: 2.849 Buy Candidate Unchanged
Predicted Opening Price for Manulife Financial Corporation of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
HK$198.23 ( 0.0673%) | HK$198.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0945.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 200.63 | 1.28% |
R2 | 199.72 | 0.82% |
R1 | 199.15 | 0.530% |
Price | 198.10 | |
S1 | 197.32 | -0.395% |
S2 | 196.75 | -0.681% |
S3 | 195.83 | -1.14% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 202.60 | 2.27% |
R2 | 201.00 | 1.46% |
R1 | 199.50 | 0.707% |
Price | 198.10 | |
S1 | 190.50 | -3.84% |
S2 | 182.80 | -7.72% |
S3 | 177.60 | -10.35% |
0945 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 21, 2024 | May 21, 2024 | Jun 19, 2024 | HK$2.29 | 1.15% |
2 | Feb 27, 2024 | Feb 27, 2024 | Mar 19, 2024 | HK$2.31 | 1.24% |
3 | Nov 21, 2023 | Nov 21, 2023 | Nov 21, 2023 | HK$0.365 | 0.247% |
4 | Aug 22, 2023 | Aug 22, 2023 | Sep 19, 2023 | HK$2.11 | 1.40% |
5 | May 23, 2023 | May 23, 2023 | May 23, 2023 | HK$0.365 | 0.246% |
FAQ
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