GOODFOOD MARKET CORP (FOOD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:FOOD - CA38217M1005 - Common Stock
We assign a technical rating of 7 out of 10 to FOOD. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, FOOD is a bad performer.
FOOD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.34. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FOOD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.25
3 important support areas can be observed.
- A support zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.28 from a horizontal line in the daily time frame.
- A support zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.34 to 0.34. 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 FOOD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FOOD.CA is up. |
| ChartMill Relative Strength | 12.42 | NEGATIVE | FOOD.CA has a low relative strength, it was outperformed by 87.58% 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) | UP | POSITIVE | The current price of FOOD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.79 | NEUTRAL | The RSI value for FOOD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FOOD.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.1 | NEUTRAL | The Stochastics value for FOOD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.73 | HIGH VOLATILITY | The high ATR as a percentage value for FOOD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 37.39 | POSITIVE | The high ADX value value for FOOD.CA suggests a strong 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 |
|---|---|---|---|
| 0.35 | 0.29 | 0.06 (17.14%) | 5.83% |
| An entry @0.35. This is a Buy Stop order right above the resistance zone. | An exit @0.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 17.14%. | For a 1.00% total portfolio risk, you can invest 5.83% 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:FOOD (1/12/2026, 7:00:00 PM)
0.335
-0.01 (-1.47%)
GOODFOOD MARKET CORP / FOOD.CA FAQ
What is the ChartMill technical rating of GOODFOOD MARKET CORP (FOOD.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to FOOD.CA.
What is the current trend direction of GOODFOOD MARKET CORP (FOOD.CA) stock?
The current trend direction for GOODFOOD MARKET CORP (FOOD.CA) is Bullish.
What is the RSI signal for FOOD stock?
GOODFOOD MARKET CORP (FOOD.CA) has an RSI value of 61.7932. This indicates that the stock is currently neutral.
What is the MACD signal for FOOD stock?
The MACD indicator for GOODFOOD MARKET CORP (FOOD.CA) has a value of -0.000632369, indicating a bearish trend.
Can you provide the support and resistance levels for GOODFOOD MARKET CORP?
GOODFOOD MARKET CORP (FOOD.CA) has a support level at 0.3 and a resistance level at 0.34. Check the full technical report for our detailed analysis of FOOD.CA support and resistance levels.