CANFOR CORP (CFP.CA) Stock Technical Analysis
TSX:CFP - Toronto Stock Exchange - CA1375761048 - Common Stock - Currency: CAD
We assign a technical rating of 1 out of 10 to CFP. CFP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
78% of all other stocks performed better in the past year than CFP.
CFP is part of the Paper & Forest Products industry. There are 12 other stocks in this industry, of which 63% are performing better than CFP.
CFP is currently trading in the lower part 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.
In the last month CFP has a been trading in the 12.75 - 14.15 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CFP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.72. Right above this resistance zone may be a good entry point. 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
12.62
18.49
We found 2 important support areas.
- A support zone ranging from 13.40 to 13.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 13.72 to 14.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.33 from a trend line in the daily time frame.
- Resistance @15.88 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for CFP.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CFP.CA is up. |
| ChartMill Relative Strength | 22.37 | NEGATIVE | CFP.CA has a low relative strength, it was outperformed by 77.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CFP.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CFP.CA is above a declining 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) | 54.94 | NEUTRAL | The RSI value for CFP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CFP.CA has a positive trend. |
| Stochastics (14,3) | 84.77 | OVERBOUGHT | The high Stochastics value suggests CFP.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for CFP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.09 | NEGATIVE | The low ADX value for CFP.CA suggests a weak or negative 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 (6/6/2025, 7:00:00 PM)
13.71
-0.07 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-0.51%
1 Week5.46%
2 Weeks5.46%
1 Month-1.79%
3 Month-8.42%
6 Month-18.54%
12 Month-7.55%
2 Year-42.35%
3 Year-38.93%
5 Year16.48%
10 Year-49.6%
15 Year61.29%
Volatility
ATR(14)0.36
ATR(20)%2.86%
ATR Inc-7.91%
Range Today0.37
ADR(20)0.38
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.37
Mansfield-1.35
10 Day High14
10 Day Low12.93
20 Day High14.15
20 Day Low12.75
52 Week High18.38
52 Week Low12.6
CS1 End13.54
CR1 Start13.72
Volume & EV
DER(3)14.77%
DER(5)9.28%
Volume84.97K
Volume Incr5.61%
Vol(5)155.69K
Vol(50)180.17K