GFL ENVIRONMENTAL INC-SUB VT (GFL) Stock Technical Analysis
NYSE:GFL - New York Stock Exchange, Inc. - CA36168Q1046 - Common Stock - Currency: USD
Taking everything into account, GFL scores 4 out of 10 in our technical rating. In the last year, GFL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month GFL has a been trading in the 47.91 - 51.31 range, which is quite wide. It is currently trading near the lows of this range.
GFL 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 GFL is lagging the market slightly.
GFL has an average volume of 1356900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, GFL turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
GFL is an average performer in the Commercial Services & Supplies industry, it outperforms 57% of 83 stocks in the same industry.
GFL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 49.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.54, a Stop Loss order could be placed below this zone.
More info and screens
44.52
52.11
We found 4 important support areas.
- Support @48.48 from a horizontal line in the weekly time frame.
- Support @47.10 from a horizontal line in the daily time frame.
- Support @45.71 from a trend line in the weekly time frame.
- Support @44.97 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 48.68 to 50.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.58 to 51.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 GFL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GFL is down. |
| ChartMill Relative Strength | 63.49 | 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) | UP | MIXED | The current price of GFL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GFL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.52 | NEUTRAL | The RSI value for GFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests GFL has a negative trend. |
| Stochastics (14,3) | 17.74 | OVERSOLD | The low Stochastics value suggests GFL may be oversold. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for GFL suggests some volalility. |
| Average Directional Index/ADX (14) | 12.05 | NEGATIVE | The low ADX value for GFL suggests a weak or negative 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)
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 |
|---|---|---|---|
| 49.64 | 48.37 | 1.27 (2.55%) | 25.00% |
| An entry @49.64. This is a Buy Stop order right above the 10 day moving average. | An exit @48.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.27 points, which is 2.55%. | For a 0.64% 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 GFL. 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.
48.49
+0.12 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.25%
1 Week-4.13%
2 Weeks-2.61%
1 Month-1.72%
3 Month8.41%
6 Month8.65%
12 Month23.32%
2 Year42.03%
3 Year75.37%
5 Year124.49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%2.31%
ATR Inc6.75%
Range Today0.78
ADR(20)1.11
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.49
Mansfield0
10 Day High50.89
10 Day Low47.91
20 Day High51.31
20 Day Low47.91
52 Week High52
52 Week Low37
CS1 End49.54
CR1 Start49.86
Volume & EV
DER(3)1.88%
DER(5)0.91%
Volume1.08M
Volume Incr60.7%
Vol(5)1.59M
Vol(50)1.36M