CANFOR CORP (CFP.CA) Technical Analysis
TSX:CFP • CA1375761048
Current stock price
CFP.CA Technical Rating and Analysis
Overall CFP gets a technical rating of 3 out of 10. CFP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- CFP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, CFP outperforms 40% of them, which is more or less in line with the market.
- CFP is an average performer in the Paper & Forest Products industry, it outperforms 63% of 12 stocks in the same industry.
- CFP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CFP is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
CFP.CA Weekly and Daily overview Charts
CFP.CA Setup Rating and Analysis
CFP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 13.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CFP 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
CFP.CA Support and Resistance Analysis
12.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.34 to 13.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 13.10 to 13.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 13.48 to 13.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.92 to 14.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 15.17 to 15.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.
CFP.CA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for CFP.CA is down. |
| ChartMill Relative Strength | 40.53 | NEUTRAL | CFP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CFP.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CFP.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CFP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.17 | NEUTRAL | The RSI value for CFP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CFP.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.07 | NEUTRAL | The Stochastics value for CFP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for CFP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.52 | POSITIVE | The high ADX value value for CFP.CA suggests a strong trend. |
CFP.CA Chart- and CandleStick Pattern Analysis
CFP.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:CFP (3/17/2026, 7:00:00 PM)
13.39
-0.02 (-0.15%)
CANFOR CORP / CFP.CA TA FAQ
Can you provide the ChartMill technical rating for CANFOR CORP?
ChartMill assigns a technical rating of 3 / 10 to CFP.CA.
Can you provide the trend direction for CANFOR CORP?
The current trend direction for CANFOR CORP (CFP.CA) is Bearish.
What is the RSI signal for CANFOR CORP (CFP.CA) stock?
CANFOR CORP (CFP.CA) has an RSI value of 43.17. This indicates that the stock is currently neutral.
What is the MACD signal for CANFOR CORP (CFP.CA) stock?
The MACD indicator for CANFOR CORP (CFP.CA) has a value of -0.0339885, indicating a bearish trend.
What is the short term momentum for CFP stock?
The short term momentum for CANFOR CORP (CFP.CA) is negative.