RESOLUTE FOREST PRODUCTS (RFP) Stock Technical Analysis
NYSE:RFP - New York Stock Exchange, Inc. - US76117W1099 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to RFP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RFP is showing a nice and steady performance.
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. We also observe that the gains produced by RFP over the past year are nicely spread over this period.
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 however is also trading near new highs, which makes the performance in line with 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 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
13.50
22.35
We found 4 important support 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. |
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)
21.92
-0.08 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-0.36%
1 Week1.25%
2 Weeks0.97%
1 Month1.86%
3 Month4.08%
6 Month8.57%
12 Month73.42%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%1.16%
ATR Inc58.12%
Range Today0.2
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.03
Mansfield1.84
10 Day High22.62
10 Day Low21.62
20 Day High22.62
20 Day Low21.48
52 Week High22.62
52 Week Low11.55
CS1 End21.82
CR1 Start22.01
Volume & EV
DER(3)-6.79%
DER(5)-3.76%
Volume14.96M
Volume Incr886.2%
Vol(5)3.96M
Vol(50)814.98K