GREENFIRST FOREST PRODUCTS I (GFP.CA) Stock Technical Analysis
TSX:GFP - Toronto Stock Exchange - CA39526C1068 - Common Stock - Currency: CAD
Overall GFP gets a technical rating of 2 out of 10. Although GFP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month GFP has a been trading in the 3.40 - 4.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: GFP has an average volume of 2778 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
GFP is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 90% of 12 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, GFP did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GFP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GFP is lagging the market slightly.
The technical rating of GFP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.31
4.16
When analyzing the support we notice one important area.
- Support @3.34 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.93 to 3.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.12 to 4.12. 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 | NEUTRAL | NEUTRAL | The long term trend for GFP.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GFP.CA is down. |
| ChartMill Relative Strength | 99.37 | POSITIVE | GFP.CA has a high relative strength, it outperformed 99.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GFP.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GFP.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GFP.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.68 | NEUTRAL | The RSI value for GFP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GFP.CA has a negative trend. |
| Stochastics (14,3) | 32.96 | NEUTRAL | The Stochastics value for GFP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for GFP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.71 | POSITIVE | The high ADX value value for GFP.CA suggests a strong 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)
TSX:GFP (6/5/2025, 7:00:00 PM)
3.6
-0.2 (-5.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-5.26%
1 Week-10%
2 Weeks-12.41%
1 Month-13.04%
3 Month-22.75%
6 Month-34.31%
12 Month718.18%
2 Year227.27%
3 Year120.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%4.69%
ATR Inc110.84%
Range Today0.34
ADR(20)0.16
ADR(20)%4.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.37
Mansfield0.56
10 Day High4.15
10 Day Low3.4
20 Day High4.24
20 Day Low3.4
52 Week High9.02
52 Week Low0
CS1 End3.34
CR1 Start3.93
Volume & EV
DER(3)-6.08%
DER(5)-6.2%
Volume4.53K
Volume Incr-12.28%
Vol(5)2.28K
Vol(50)2.78K