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CANFOR CORP (CFP.CA) Stock Technical Analysis

TSX:CFP - Toronto Stock Exchange - CA1375761048 - Common Stock - Currency: CAD

14.71  -0.25 (-1.67%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to CFP. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CFP is a bad performer in the overall market: 78% 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.
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 14.11 - 15.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
CANFOR CORP / CFP Weekly stock chart
CANFOR CORP / CFP Daily stock chart
Setup Rating and Analysis

6

Although the technical rating is bad, CFP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 14.44, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

13.69

18.49

When analyzing the support we can see 3 important areas.

  • Support @14.44 from a horizontal line in the daily time frame.
  • Support @14.12 from a horizontal line in the weekly time frame.
  • Support @13.83 from a horizontal line in the weekly time frame.

3 important resistance areas can be observed.

  • A resistance zone ranging from 14.74 to 15.21. 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 15.57 to 15.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @18.31 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.38
Mansfield-1.38
10 Day High15.67
10 Day Low14.11
20 Day High15.85
20 Day Low14.11
52 Week High18.38
52 Week Low13.53
Performance
1 Week-2%
2 Weeks-4.6%
1 Month-1.87%
3 Month-13.62%
6 Month1.38%
12 Month-5.4%
2 Year-36.81%
3 Year-48.73%
5 Year32.05%
10 Year-48.75%
15 Year73.26%
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)-0.03
RSI(14)38.08
LBB14.59
UBB15.89
CANFOR CORP / CFP Daily stock chart

CANFOR CORP

TSX:CFP (2/5/2025, 7:00:00 PM)

14.71

-0.25 (-1.67%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-1.67%
1 Week-2%
2 Weeks-4.6%
1 Month-1.87%
3 Month-13.62%
6 Month1.38%
12 Month-5.4%
2 Year-36.81%
3 Year-48.73%
5 Year32.05%
10 Year-48.75%
15 Year73.26%
Volatility
ATR(14)0.41
ATR(20)%2.8%
ATR Inc17.27%
Range Today0.54
ADR(20)0.39
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.38
Mansfield-1.38
10 Day High15.67
10 Day Low14.11
20 Day High15.85
20 Day Low14.11
52 Week High18.38
52 Week Low13.53
CS1 End14.44
CR1 Start14.74
Volume & EV
DER(3)0.29%
DER(5)0.01%
Volume138.58K
Volume Incr48.61%
Vol(5)214.23K
Vol(50)192.19K