GREENFIRE RESOURCES LTD (GFR.CA) Stock Technical Analysis
TSX:GFR - Toronto Stock Exchange - CA39525U1075 - Common Stock - Currency: CAD
Overall GFR gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GFR was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GFR is a bad performer in the overall market: 84% of all stocks are doing better.
GFR is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 69% of 214 stocks in the same industry do better.
GFR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GFR is lagging the market.
GFR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is bad, GFR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 6.91. Right above this resistance zone may be a good entry point.
More info and screens
6.02
7.03
We found 2 important support areas.
- A support zone ranging from 6.63 to 6.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.08 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.91 to 6.96. 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 | DOWN | NEGATIVE | The long term trend for GFR.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GFR.CA is up. |
| ChartMill Relative Strength | 16.54 | NEGATIVE | GFR.CA has a low relative strength, it was outperformed by 83.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GFR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GFR.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GFR.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.91 | NEUTRAL | The RSI value for GFR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests GFR.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.33 | OVERBOUGHT | The high Stochastics value suggests GFR.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for GFR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.07 | NEUTRAL | The ADX value for GFR.CA suggests a possible start of a new 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:GFR (6/20/2025, 7:00:00 PM)
6.84
+0.09 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.33%
1 Week-1.58%
2 Weeks10.68%
1 Month16.52%
3 Month-8.56%
6 Month-22.18%
12 Month-18.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%3.47%
ATR Inc-49.02%
Range Today0.19
ADR(20)0.22
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.54
Mansfield-2.54
10 Day High7
10 Day Low6.07
20 Day High7
20 Day Low5.69
52 Week High11.21
52 Week Low5.34
CS1 End6.68
CR1 Start6.91
Volume & EV
DER(3)0%
DER(5)0%
Volume22.85K
Volume Incr-54.94%
Vol(5)16.40K
Vol(50)57.32K