GREENFIRE RESOURCES LTD (GFR) Technical Analysis
NYSE:GFR • CA39525U1075
Current stock price
GFR Technical Rating and Analysis
Overall GFR gets a technical rating of 9 out of 10. Both in the recent history as in the last year, GFR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- GFR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GFR is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that GFR is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- GFR is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, GFR did better than 50% of them.
- In the last month GFR has a been trading in the 5.53 - 7.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
GFR Weekly and Daily overview Charts
GFR Setup Rating and Analysis
GFR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for GFR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
GFR Support and Resistance Analysis
4.28
We found 3 important support areas.
- Support @6.20 from a trend line in the daily time frame.
- Support @5.73 from a horizontal line in the daily time frame.
- A support zone ranging from 4.32 to 4.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.93 to 6.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
GFR 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 | UP | POSITIVE | The long term trend for GFR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GFR is up. |
| ChartMill Relative Strength | 87.71 | POSITIVE | GFR has a high relative strength, it outperformed 87.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GFR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GFR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GFR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.81 | NEUTRAL | The RSI value for GFR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GFR has a negative trend. |
| Stochastics (14,3) | 64.21 | NEUTRAL | The Stochastics value for GFR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for GFR suggests high volalility. |
| Average Directional Index/ADX (14) | 21.33 | NEUTRAL | The ADX value for GFR suggests a possible start of a new trend. |
GFR Chart- and CandleStick Pattern Analysis
GFR Example Setup
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 |
|---|---|---|---|
| 6.94 | 6.19 | 0.75 (10.81%) | 9.25% |
| An entry @6.94. This is a Buy Stop order right above the resistance zone. | An exit @6.19. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.75 points, which is 10.81%. | For a 1.00% total portfolio risk, you can invest 9.25% of your capital in this trade. |
- 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.
GFR Technicals: Chart, Performance Metrics, Trend & Indicators
6.58
+0.15 (+2.33%)
GREENFIRE RESOURCES LTD / GFR TA FAQ
What is the technical rating for GFR stock?
ChartMill assigns a technical rating of 9 / 10 to GFR.
What is the trend direction for GFR stock?
The current trend direction for GREENFIRE RESOURCES LTD (GFR) is Bullish.
Can you provide the RSI signal for GREENFIRE RESOURCES LTD?
GREENFIRE RESOURCES LTD (GFR) has an RSI value of 57.8055. This indicates that the stock is currently neutral.
What is the MACD signal for GREENFIRE RESOURCES LTD (GFR) stock?
The MACD indicator for GREENFIRE RESOURCES LTD (GFR) has a value of -0.0037197, indicating a bearish trend.
Can you provide the support and resistance levels for GREENFIRE RESOURCES LTD?
GREENFIRE RESOURCES LTD (GFR) has a support level at 6.2 and a resistance level at 6.93. Check the full technical report for our detailed analysis of GFR support and resistance levels.