Exfo Inc (EXF.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:EXF -
We assign a technical rating of 9 out of 10 to EXF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EXF is showing a nice and steady performance.
Besides having an excellent technical rating, EXF also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
3.88
When analyzing the support we can see 6 important areas.
- A support zone ranging from 7.10 to 7.20. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @6.89 from a horizontal line in the daily time frame.
- Support @5.01 from a trend line in the weekly time frame.
- Support @4.65 from a trend line in the daily time frame.
- Support @4.44 from a trend line in the daily time frame.
- Support @3.92 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.01 to 8.01. 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 EXF.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EXF.CA is up. |
| ChartMill Relative Strength | 89.65 | POSITIVE | EXF.CA has a high relative strength, it outperformed 89.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EXF.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EXF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EXF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.18 | NEUTRAL | The RSI value for EXF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EXF.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.73 | NEUTRAL | The Stochastics value for EXF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for EXF.CA suggests low volalility. |
TSX:EXF (8/30/2021, 7:00:00 PM)
7.805
-0.06 (-0.7%)
Exfo Inc / EXF.CA FAQ
What is the ChartMill technical rating of Exfo Inc (EXF.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to EXF.CA.
What is the trend direction for EXF stock?
The current trend direction for Exfo Inc (EXF.CA) is Bullish.
What is the RSI signal for Exfo Inc (EXF.CA) stock?
Exfo Inc (EXF.CA) has an RSI value of 62.1827. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Exfo Inc?
The MACD indicator for Exfo Inc (EXF.CA) has a value of 0.00144517, indicating a bearish trend.
Can you provide the buy/sell signal for Exfo Inc?
The buy/sell signal for Exfo Inc (EXF.CA) is buy as both the short term and long term trends are positive.