GREENFIRST FOREST PRODUCTS I (GFP.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:GFP • CA39526C1068
Taking everything into account, GFP scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GFP was also a bad performer in the overall market in the last year.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, GFP is a bad performer in the overall market: 94% of all stocks are doing better.
- GFP is part of the Paper & Forest Products industry. There are 12 other stocks in this industry, of which 90% are performing better than GFP.
- GFP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: GFP has an average volume of 18754 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month GFP has a been trading in the 1.89 - 2.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
GFP has a bad 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 2.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.21, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.78
We found 3 important support areas.
- A support zone ranging from 2.19 to 2.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.87 from a trend line in the daily time frame.
- Support @1.80 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.33 to 2.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.40 to 2.41. 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 | DOWN | NEGATIVE | The long term trend for GFP.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GFP.CA is neutral. |
| ChartMill Relative Strength | 6.04 | NEGATIVE | GFP.CA has a low relative strength, it was outperformed by 93.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GFP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GFP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GFP.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.9 | NEUTRAL | The RSI value for GFP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GFP.CA has a negative trend. |
| Stochastics (14,3) | 49.78 | NEUTRAL | The Stochastics value for GFP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for GFP.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.07 | POSITIVE | The high ADX value value for GFP.CA suggests a strong trend. |
TSX:GFP (1/30/2026, 7:00:00 PM)
2.3
+0.08 (+3.6%)
GREENFIRST FOREST PRODUCTS I / GFP.CA FAQ
Can you provide the ChartMill technical rating for GREENFIRST FOREST PRODUCTS I?
ChartMill assigns a technical rating of 3 / 10 to GFP.CA.
Can you provide the trend direction for GREENFIRST FOREST PRODUCTS I?
The current trend direction for GREENFIRST FOREST PRODUCTS I (GFP.CA) is Bearish.
What is the RSI signal for GFP stock?
GREENFIRST FOREST PRODUCTS I (GFP.CA) has an RSI value of 59.8982. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GREENFIRST FOREST PRODUCTS I?
The short term momentum for GREENFIRST FOREST PRODUCTS I (GFP.CA) is neutral.