GFL Technical Analysis - GFL ENVIRONMENTAL INC-SUB VT

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to GFL. GFL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month GFL has a been trading in the 46.43 - 51.40 range, which is quite wide. It is currently trading near the lows of this range.

GFL has an average volume of 1148240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When compared to the yearly performance of all other stocks, GFL outperforms 51% of them, which is more or less in line with the market.

GFL is an average performer in the Commercial Services & Supplies industry, it outperforms 67% of 84 stocks in the same industry.

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

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GFL ENVIRONMENTAL INC-SUB VT / GFL Weekly stock chart

GFL ENVIRONMENTAL INC-SUB VT / GFL Daily stock chart

Setup Rating and Analysis

GFL has a poor technical rating and the quality of the setup is also not perfect 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

46.54

52.11

When analyzing the support we notice one important area.

A support zone ranging from 47.01 to 47.16. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 48.27 to 49.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @49.96 from a horizontal line in the daily time frame.
A resistance zone ranging from 50.76 to 51.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for GFL is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GFL is down.
ChartMill Relative Strength	51.19	NEUTRAL	GFL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GFL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GFL is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of GFL is below the rising SMA(200).
Relative Strength Index/RSI (14)	38.39	NEUTRAL	The RSI value for GFL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.27	NEGATIVE	The MACD value suggests GFL has a negative trend.
Stochastics (14,3)	22.97	NEUTRAL	The Stochastics value for GFL is a neutral value.
Average True Range in percent/ATR (20)	1.94	LOW VOLATILITY	The low ATR as a percentage value for GFL suggests low volalility.
Average Directional Index/ADX (14)	20.14	NEUTRAL	The ADX value for GFL suggests a possible start of a new trend.