FAIRFAX FINL HLDGS LTD - FFHCN 6.3 PERP (FFH-PR-D.CA) Stock Technical Analysis
TSX:FFH-PR-D - Toronto Stock Exchange - CA3039016074 - Currency: CAD
We assign a technical rating of 8 out of 10 to FFH-PR-D. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FFH-PR-D is showing a nice and steady performance.
Warning: FFH-PR-D has an average volume of 10609 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FFH-PR-D did better than 79% of all other stocks.
FFH-PR-D is part of the Insurance industry. There are 81 other stocks in this industry. FFH-PR-D outperforms 90% of them.
FFH-PR-D is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
FFH-PR-D is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
In the last month FFH-PR-D has a been trading in a tight range between 24.81 and 25.52.
Although FFH-PR-D has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.28
25.70
6 important support areas can be observed.
- Support @24.95 from a horizontal line in the daily time frame.
- A support zone ranging from 23.93 to 24.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.33 from a trend line in the weekly time frame.
- A support zone ranging from 21.19 to 21.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.70 from a horizontal line in the daily time frame.
- Support @19.47 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.14 to 25.45. 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 FFH-PR-D.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FFH-PR-D.CA is up. |
| ChartMill Relative Strength | 79.07 | POSITIVE | FFH-PR-D.CA has a high relative strength, it outperformed 79.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FFH-PR-D.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FFH-PR-D.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FFH-PR-D.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.48 | NEUTRAL | The RSI value for FFH-PR-D.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests FFH-PR-D.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.71 | NEUTRAL | The Stochastics value for FFH-PR-D.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for FFH-PR-D.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 40.79 | POSITIVE | The high ADX value value for FFH-PR-D.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
FAIRFAX FINL HLDGS LTD - FFHCN 6.3 PERP
TSX:FFH-PR-D (12/24/2024, 7:00:00 PM)
24.97
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0%
1 Week0.08%
2 Weeks-1.69%
1 Month-0.68%
3 Month16.09%
6 Month17.23%
12 Month23.92%
2 Year36.45%
3 Year14.49%
5 Year37.96%
10 Year4.56%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.31%
ATR Inc-87.72%
Range Today0.01
ADR(20)0.04
ADR(20)%0.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.07
Mansfield0.23
10 Day High25.45
10 Day Low24.81
20 Day High25.52
20 Day Low24.81
52 Week High25.52
52 Week Low19.39
CS1 End24.95
CR1 Start25.14
Volume & EV
DER(3)0%
DER(5)0%
Volume2.00K
Volume Incr-94.39%
Vol(5)1.36K
Vol(50)10.61K