Resolute Forest Products Inc (RFP.CA) Technical Analysis
TSX:RFP • US76117W1099
Current stock price
RFP.CA Technical Rating and Analysis
Taking everything into account, RFP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RFP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month RFP has a been trading in the 28.41 - 31.24 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, RFP did better than 95% of all other stocks. On top of that, RFP also shows a nice and consistent pattern of rising prices.
- RFP is part of the Paper & Forest Products industry. There are 11 other stocks in this industry. RFP outperforms 100% of them.
- RFP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- Volume is considerably higher in the last couple of days.
RFP.CA Weekly and Daily overview Charts
RFP.CA Setup Rating and Analysis
RFP has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
RFP.CA Support and Resistance Analysis
17.72
3 important support areas can be observed.
- A support zone ranging from 28.46 to 29.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @27.83 from a horizontal line in the daily time frame.
- Support @17.90 from a trend line in the weekly time frame.
RFP.CA 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 RFP.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RFP.CA is neutral. |
| ChartMill Relative Strength | 95.15 | POSITIVE | RFP.CA has a high relative strength, it outperformed 95.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RFP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RFP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RFP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.46 | NEUTRAL | The RSI value for RFP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests RFP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.82 | NEUTRAL | The Stochastics value for RFP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for RFP.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.42 | POSITIVE | The high ADX value value for RFP.CA suggests a strong trend. |
RFP.CA Chart- and CandleStick Pattern Analysis
RFP.CA 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 |
|---|---|---|---|
| 29.75 | 28.45 | 1.30 (4.36%) | 22.95% |
| An entry @29.75. This is a Buy Stop order right above the 10 day moving average. | An exit @28.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.30 points, which is 4.36%. | When investing 22.95% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
RFP.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:RFP (3/2/2023, 7:00:00 PM)
29.43
-1.8 (-5.76%)
Resolute Forest Products Inc / RFP.CA TA FAQ
What is the technical rating for RFP stock?
ChartMill assigns a technical rating of 9 / 10 to RFP.CA.
What is the current trend direction of Resolute Forest Products Inc (RFP.CA) stock?
The current trend direction for Resolute Forest Products Inc (RFP.CA) is Bullish.
What is the RSI signal for Resolute Forest Products Inc (RFP.CA) stock?
Resolute Forest Products Inc (RFP.CA) has an RSI value of 50.4636. This indicates that the stock is currently neutral.
What is the MACD signal for RFP stock?
The MACD indicator for Resolute Forest Products Inc (RFP.CA) has a value of 0.0847016, indicating a bearish trend.
What is the short term momentum for Resolute Forest Products Inc (RFP.CA) stock?
The short term momentum for Resolute Forest Products Inc (RFP.CA) is neutral.