CANFOR CORP (CFP.CA) Stock Technical Analysis
TSX:CFP - Toronto Stock Exchange - CA1375761048 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to CFP. CFP has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
CFP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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12.62
2 important support areas can be observed.
- A support zone ranging from 14.10 to 14.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 3 important resistance areas.
- A resistance zone ranging from 14.81 to 14.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for CFP.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CFP.CA is up. |
| ChartMill Relative Strength | 46.95 | NEUTRAL | CFP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CFP.CA is above 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) | 60.96 | NEUTRAL | The RSI value for CFP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CFP.CA has a positive trend. |
| Stochastics (14,3) | 80.21 | OVERBOUGHT | The high Stochastics value suggests CFP.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for CFP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for CFP.CA suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 14.82 | 14.09 | 0.73 (4.93%) | 20.30% |
| An entry @14.82. This is a Buy Stop order right above the resistance zone. | An exit @14.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.73 points, which is 4.93%. | When investing 20.30% 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.
TSX:CFP (7/11/2025, 7:00:00 PM)
14.8
+0.04 (+0.27%)