RESOLUTE FOREST PRODUCTS (RFP) Stock Technical Analysis
USA - NYSE:RFP - US76117W1099 - Common Stock
Overall RFP gets a technical rating of 10 out of 10. 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.
Although RFP has an excellent technical rating, the quality of the presented setup is not ideal 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
13.50
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.96 to 21.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @20.36 from a horizontal line in the daily time frame.
- A support zone ranging from 20.00 to 20.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.01 to 22.13. 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 | UP | POSITIVE | The long term trend for RFP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RFP is up. |
| ChartMill Relative Strength | 96.03 | POSITIVE | RFP has a high relative strength, it outperformed 96.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RFP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RFP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RFP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.3 | NEUTRAL | The RSI value for RFP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RFP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.13 | NEUTRAL | The Stochastics value for RFP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for RFP suggests low volalility. |
| Average Directional Index/ADX (14) | 27.73 | POSITIVE | The high ADX value value for RFP suggests a strong trend. |
21.92
-0.08 (-0.36%)
RESOLUTE FOREST PRODUCTS / RFP FAQ
What is the technical rating for RFP stock?
ChartMill assigns a technical rating of 9 / 10 to RFP.
What is the trend direction for RFP stock?
The current trend direction for RESOLUTE FOREST PRODUCTS (RFP) is Bullish.
What is the RSI signal for RESOLUTE FOREST PRODUCTS (RFP) stock?
RESOLUTE FOREST PRODUCTS (RFP) has an RSI value of 59.2951. This indicates that the stock is currently neutral.
What is the short term momentum for RFP stock?
The short term momentum for RESOLUTE FOREST PRODUCTS (RFP) is positive.
What is the buy/sell signal for RESOLUTE FOREST PRODUCTS (RFP) stock?
The buy/sell signal for RESOLUTE FOREST PRODUCTS (RFP) is buy as both the short term and long term trends are positive.