FOOD Technical Analysis - GOODFOOD MARKET CORP

Technical Rating and Analysis

Taking everything into account, FOOD scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, FOOD has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

FOOD is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 100% of 17 stocks in the same industry.

In the last month FOOD has a been trading in the 0.17 - 0.34 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that FOOD is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

FOOD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FOOD is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GOODFOOD MARKET CORP / FOOD Weekly stock chart

GOODFOOD MARKET CORP / FOOD Daily stock chart

Setup Rating and Analysis

Although FOOD has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.18

0.34

When analyzing the support we notice one important area.

Support @0.18 from a trend line in the daily time frame.

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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 FOOD.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FOOD.CA is up.
ChartMill Relative Strength	89.63	POSITIVE	FOOD.CA has a high relative strength, it outperformed 89.63% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FOOD.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FOOD.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of FOOD.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	78.85	OVERBOUGHT	The high RSI value suggests FOOD.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests FOOD.CA has a positive trend.
Stochastics (14,3)	94.52	OVERBOUGHT	The high Stochastics value suggests FOOD.CA may be overbought.
Average True Range in percent/ATR (20)	9.85	HIGH VOLATILITY	The high ATR as a percentage value for FOOD.CA suggests high volalility.
Average Directional Index/ADX (14)	54.77	POSITIVE	The high ADX value value for FOOD.CA suggests a strong trend.