CANFOR CORP (CFP.CA) Stock Technical Analysis
TSX:CFP - Toronto Stock Exchange - CA1375761048 - Common Stock - Currency: CAD
Overall CFP gets a technical rating of 0 out of 10. CFP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
73% of all other stocks performed better in the past year than CFP.
CFP is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
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.
CFP is an average performer in the Paper & Forest Products industry, it outperforms 54% of 12 stocks in the same industry.
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 very little resistance above the current price. There is a support zone below the current price at 12.85, a Stop Loss order could be placed below this zone.
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 12.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @13.59 from a horizontal line in the daily time frame.
- Resistance @14.69 from a trend line in the weekly time frame.
- Resistance @15.05 from a trend line in the daily time frame.
- A resistance zone ranging from 15.41 to 15.60. This zone is formed by a combination of multiple trend lines in the weekly 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.54
Mansfield-1.13
10 Day High13.63
10 Day Low12.6
20 Day High14.97
20 Day Low12.6
52 Week High18.38
52 Week Low12.6
Performance
1 Week4.3%
2 Weeks5.6%
1 Month-7.99%
3 Month-10.01%
6 Month-20.45%
12 Month-8.24%
2 Year-29.23%
3 Year-49.27%
5 Year33.79%
10 Year-47.1%
15 Year34.46%
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)
Technical Indicators
MACD(12,26,9)0.11
RSI(14)48.76
LBB12.6
UBB13.58
TSX:CFP (5/2/2025, 7:00:00 PM)
13.58
+0.19 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg1.42%
1 Week4.3%
2 Weeks5.6%
1 Month-7.99%
3 Month-10.01%
6 Month-20.45%
12 Month-8.24%
2 Year-29.23%
3 Year-49.27%
5 Year33.79%
10 Year-47.1%
15 Year34.46%
Volatility
ATR(14)0.39
ATR(20)%4.13%
ATR Inc-30.45%
Range Today0.24
ADR(20)0.55
ADR(20)%4.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.54
Mansfield-1.13
10 Day High13.63
10 Day Low12.6
20 Day High14.97
20 Day Low12.6
52 Week High18.38
52 Week Low12.6
CS1 End12.85
CR1 Start13.59
Volume & EV
DER(3)-2.41%
DER(5)-2.5%
Volume136.72K
Volume Incr-37.38%
Vol(5)140.55K
Vol(50)207.19K