Exfo Inc (EXFO) Technical Analysis
NASDAQ:EXFO
Current stock price
EXFO Technical Rating and Analysis
Taking everything into account, EXFO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, EXFO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that EXFO is one of the better performing stocks in the market, outperforming 90% of all stocks.
- EXFO 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 EXFO is lagging the market slightly.
- In the last month EXFO has a been trading in the 5.51 - 6.26 range, which is quite wide. It is currently trading near the high of this range.
- EXFO is an average performer in the Communications Equipment industry, it outperforms 63% of 47 stocks in the same industry.
EXFO Weekly and Daily overview Charts
EXFO Setup Rating and Analysis
Besides having an excellent technical rating, EXFO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- 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
EXFO Support and Resistance Analysis
3.54
7 important support areas can be observed.
- A support zone ranging from 6.19 to 6.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.95 to 6.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.67 to 5.68. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @5.50 from a horizontal line in the daily time frame.
- Support @4.28 from a trend line in the weekly time frame.
- Support @3.93 from a trend line in the daily time frame.
- Support @3.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.25 to 6.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
EXFO Technical Indicator Signal Analysis
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 EXFO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EXFO is up. |
| ChartMill Relative Strength | 90.96 | POSITIVE | EXFO has a high relative strength, it outperformed 90.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EXFO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EXFO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EXFO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69 | NEUTRAL | The RSI value for EXFO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EXFO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.35 | OVERBOUGHT | The high Stochastics value suggests EXFO may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for EXFO suggests low volalility. |
EXFO Chart- and CandleStick Pattern Analysis
EXFO Example Setup
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 |
|---|---|---|---|
| 6.26 | 6.21 | 0.05 (0.80%) | 25.00% |
| An entry @6.26. This is a Buy Stop order right above the resistance zone. | An exit @6.21. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.05 points, which is 0.80%. | For a 0.20% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EXFO. Please evaluate whether better entry and exit points can be found.
- 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.
EXFO Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:EXFO (8/27/2021, 8:06:28 PM)
6.245
0 (-0.08%)
Exfo Inc / EXFO TA FAQ
What is the ChartMill technical rating of Exfo Inc (EXFO) stock?
ChartMill assigns a technical rating of 9 / 10 to EXFO.
What is the current trend direction of Exfo Inc (EXFO) stock?
The current trend direction for Exfo Inc (EXFO) is Bullish.
What is the RSI signal for EXFO stock?
Exfo Inc (EXFO) has an RSI value of 68.9955. This indicates that the stock is currently neutral.
What is the MACD signal for EXFO stock?
The MACD indicator for Exfo Inc (EXFO) has a value of 0.00324193, indicating a bearish trend.
What is the buy/sell signal for EXFO stock?
The buy/sell signal for Exfo Inc (EXFO) is buy as both the short term and long term trends are positive.