DEFINITY FINANCIAL CORP (DFY.CA) Stock Technical Analysis
TSX:DFY - Toronto Stock Exchange - CA24477T1003 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to DFY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DFY is showing a nice and steady performance.
Besides having an excellent technical rating, DFY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 78.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 77.50, a Stop Loss order could be placed below this zone.
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62.26
We found 5 important support areas.
- A support zone ranging from 77.43 to 77.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 74.74 to 76.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @68.96 from a trend line in the daily time frame.
- Support @64.89 from a trend line in the weekly time frame.
- Support @62.89 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 78.36 to 79.37. 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 | UP | POSITIVE | The long term trend for DFY.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DFY.CA is up. |
| ChartMill Relative Strength | 82.44 | POSITIVE | DFY.CA has a high relative strength, it outperformed 82.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DFY.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DFY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DFY.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.45 | NEUTRAL | The RSI value for DFY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests DFY.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.11 | NEUTRAL | The Stochastics value for DFY.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for DFY.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 27.64 | POSITIVE | The high ADX value value for DFY.CA suggests a strong 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 |
|---|---|---|---|
| 79.38 | 77.42 | 1.96 (2.47%) | 25.00% |
| An entry @79.38. This is a Buy Stop order right above the resistance zone. | An exit @77.42. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.96 points, which is 2.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
- 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:DFY (7/29/2025, 7:00:00 PM)
78.35
+0.85 (+1.1%)