RESOLUTE FOREST PRODUCTS (RFP) Technical Analysis
NYSE:RFP • US76117W1099
Current stock price
RFP Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to RFP. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that RFP is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, RFP also shows a nice and consistent pattern of rising prices.
- RFP is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 100% of 9 stocks in the same industry.
- RFP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RFP is leading the market.
- In the last month RFP has a been trading in a tight range between 21.48 and 22.62.
- Volume is considerably higher in the last couple of days.
RFP Weekly and Daily overview Charts
RFP Setup Rating and Analysis
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
RFP Support and Resistance Analysis
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.
RFP 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 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. |
RFP Chart- and CandleStick Pattern Analysis
RFP Technicals: Chart, Performance Metrics, Trend & Indicators
21.92
-0.08 (-0.36%)
RESOLUTE FOREST PRODUCTS / RFP TA FAQ
What is the technical rating for RFP stock?
ChartMill assigns a technical rating of 9 / 10 to RFP.
What is the current trend direction of RESOLUTE FOREST PRODUCTS (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 MACD signal for RFP stock?
The MACD indicator for RESOLUTE FOREST PRODUCTS (RFP) has a value of 0.0153806, indicating a bearish trend.
What is the short term momentum for RESOLUTE FOREST PRODUCTS (RFP) stock?
The short term momentum for RESOLUTE FOREST PRODUCTS (RFP) is positive.