ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP (EFN-PR-C.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:EFN-PR-C - CA2861818391
Taking everything into account, EFN-PR-C scores 2 out of 10 in our technical rating. In the last year, EFN-PR-C was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- EFN-PR-C is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EFN-PR-C is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the performance of all stocks over the past year, EFN-PR-C turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
- EFN-PR-C is part of the Commercial Services & Supplies industry. There are 24 other stocks in this industry, EFN-PR-C did better than 60% of them.
- In the last month EFN-PR-C has a been trading in a tight range between 24.95 and 25.38.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EFN-PR-C does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 24.97, a Stop Loss order could be placed below this zone.
More info and screens
23.52
2 important support areas can be observed.
- A support zone ranging from 24.80 to 24.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.76 to 24.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.06 to 25.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 EFN-PR-C.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EFN-PR-C.CA is down. |
| ChartMill Relative Strength | 44.58 | NEUTRAL | EFN-PR-C.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EFN-PR-C.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EFN-PR-C.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EFN-PR-C.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.24 | NEUTRAL | The RSI value for EFN-PR-C.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EFN-PR-C.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.53 | OVERSOLD | The low Stochastics value suggests EFN-PR-C.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for EFN-PR-C.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.91 | POSITIVE | The high ADX value value for EFN-PR-C.CA suggests a strong trend. |
ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP
TSX:EFN-PR-C (6/28/2024, 7:00:00 PM)
25
+0.02 (+0.08%)
ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP / EFN-PR-C.CA FAQ
What is the technical rating for EFN-PR-C stock?
ChartMill assigns a technical rating of 2 / 10 to EFN-PR-C.CA.
What is the trend direction for EFN-PR-C stock?
The current trend direction for ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP (EFN-PR-C.CA) is Bullish.
What is the RSI signal for EFN-PR-C stock?
ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP (EFN-PR-C.CA) has an RSI value of 39.236. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP?
The short term momentum for ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP (EFN-PR-C.CA) is negative.
Can you provide the buy/sell signal for ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP?
The buy/sell signal for ELEMENT FLEET MANAGEMENT - EFNCN 6.21 PERP (EFN-PR-C.CA) is hold as the short term and long term trends are mixed.