COLFAX CORP (CFX) Stock Technical Analysis
NYSE:CFX - New York Stock Exchange, Inc. - Common Stock
Overall CFX gets a technical rating of 1 out of 10. CFX 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CFX is a bad performer in the overall market: 62% of all stocks are doing better.
CFX is one of the lesser performing stocks in the Machinery industry. 61% of 127 stocks in the same industry do better.
CFX 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 CFX is lagging the market.
In the last month CFX has a been trading in the 35.66 - 41.10 range, which is quite wide. It is currently trading near the high of this range.
CFX has an average volume of 1442400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CFX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
35.69
43.17
2 important support areas can be observed.
- A support zone ranging from 36.74 to 37.29. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @36.05 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 40.03 to 41.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.49 to 42.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CFX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CFX is neutral. |
| ChartMill Relative Strength | 38.5 | NEUTRAL | CFX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CFX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CFX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CFX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.95 | NEUTRAL | The RSI value for CFX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CFX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.76 | NEUTRAL | The Stochastics value for CFX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for CFX suggests some volalility. |
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)
39.06
-1.53 (-3.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-3.77%
1 Week-1.04%
2 Weeks-1.59%
1 Month7.54%
3 Month-12.81%
6 Month-19.41%
12 Month-10.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.14
ATR(20)%3.35%
ATR Inc36.48%
Range Today1.75
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.5
Mansfield-1.64
10 Day High41.11
10 Day Low38.88
20 Day High41.11
20 Day Low35.66
52 Week High54.67
52 Week Low35.66
CS1 End37.29
CR1 Start40.03
Volume & EV
DER(3)-3.34%
DER(5)-1.23%
Volume2.95M
Volume Incr2.87%
Vol(5)1.50M
Vol(50)1.44M