CANFOR CORP (CFP.CA) Stock Technical Analysis
TSX:CFP - Toronto Stock Exchange - CA1375761048 - Common Stock - Currency: CAD
Overall CFP gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CFP was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CFP is a bad performer in the overall market: 77% of all stocks are doing better.
CFP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CFP is an average performer in the Paper & Forest Products industry, it outperforms 54% of 12 stocks in the same industry.
In the last month CFP has a been trading in the 12.93 - 14.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CFP has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.62
18.49
When analyzing the support we notice one important area.
- A support zone ranging from 12.75 to 12.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 14.43 to 14.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 15.88 to 15.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @18.31 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CFP.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CFP.CA is neutral. |
| ChartMill Relative Strength | 23.75 | NEGATIVE | CFP.CA has a low relative strength, it was outperformed by 76.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CFP.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CFP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CFP.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.3 | NEUTRAL | The RSI value for CFP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CFP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.95 | NEUTRAL | The Stochastics value for CFP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for CFP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.91 | NEUTRAL | The ADX value for CFP.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:CFP (6/27/2025, 7:00:00 PM)
13.92
-0.4 (-2.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-2.79%
1 Week-3.47%
2 Weeks0.58%
1 Month7.08%
3 Month-5.82%
6 Month-7.2%
12 Month-4.07%
2 Year-41.46%
3 Year-38%
5 Year18.27%
10 Year-48.82%
15 Year63.76%
Volatility
ATR(14)0.4
ATR(20)%2.68%
ATR Inc21.57%
Range Today0.55
ADR(20)0.36
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.75
Mansfield-1.38
10 Day High14.86
10 Day Low13.77
20 Day High14.86
20 Day Low12.93
52 Week High18.38
52 Week Low12.6
CS1 End12.97
CR1 Start14.43
Volume & EV
DER(3)-1.52%
DER(5)1.29%
Volume117.75K
Volume Incr-23.71%
Vol(5)92.06K
Vol(50)138.79K