ENERFLEX LTD (EFX.CA) Stock Technical Analysis
TSX:EFX - Toronto Stock Exchange - CA29269R1055 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to EFX. In the past year, EFX was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
EFX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.00, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.37
4 important support areas can be observed.
- A support zone ranging from 10.45 to 10.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.90 from a trend line in the weekly time frame.
- Support @8.82 from a horizontal line in the daily time frame.
- Support @8.45 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.00 to 11.05. 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 | NEUTRAL | NEUTRAL | The long term trend for EFX.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EFX.CA is neutral. |
| ChartMill Relative Strength | 81.99 | POSITIVE | EFX.CA has a high relative strength, it outperformed 81.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EFX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EFX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EFX.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.4 | NEUTRAL | The RSI value for EFX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EFX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.43 | NEUTRAL | The Stochastics value for EFX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for EFX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.1 | NEUTRAL | The ADX value for EFX.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 11.06 | 10.51 | 0.55 (5.02%) | 19.93% |
| An entry @11.06. This is a Buy Stop order right above the resistance zone. | An exit @10.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.55 points, which is 5.02%. | For a 1.00% total portfolio risk, you can invest 19.93% of your capital in this trade. |
- 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:EFX (7/15/2025, 7:00:00 PM)
10.98
+0.33 (+3.1%)