Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
New York Stock Exchange, Inc. / Industrials / Commercial Services & Supplies
Taking everything into account, GFL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GFL has proven to be a steady performer, scoring decent points in every aspect analyzed.
GFL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 47.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GFL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
41.30
We found 5 important support areas.
- A support zone ranging from 47.10 to 47.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.25 from a trend line in the weekly time frame.
- A support zone ranging from 44.04 to 44.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.92 to 43.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.72 from a horizontal line in the daily time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 50.27 | 47.51 | 2.75 (5.48%) | 18.25% |
| An entry @50.27. This is a Buy Stop order right above the 10 day moving average. | An exit @47.51. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.75 points, which is 5.48%. | When investing 18.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.