CANFOR CORP (CFP.CA) Stock Technical Analysis
TSX:CFP - Toronto Stock Exchange - CA1375761048 - Common Stock - Currency: CAD
We assign a technical rating of 2 out of 10 to CFP. CFP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
76% of all other stocks performed better in the past year than CFP.
CFP is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month CFP has a been trading in the 14.09 - 15.58 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CFP is an average performer in the Paper & Forest Products industry, it outperforms 54% of 12 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CFP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CFP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
13.69
18.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.74 to 14.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.41 to 14.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.12 from a horizontal line in the weekly time frame.
- Support @13.83 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.10 to 15.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.31 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.63
Mansfield-0.63
10 Day High15.57
10 Day Low14.09
20 Day High15.58
20 Day Low14.09
52 Week High18.38
52 Week Low13.53
Performance
1 Week-2.35%
2 Weeks-0.2%
1 Month2.11%
3 Month-11.05%
6 Month6.85%
12 Month-7.08%
2 Year-31.08%
3 Year-41.89%
5 Year105.07%
10 Year-40.95%
15 Year58.41%
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)49.43
LBB14.44
UBB15.48
TSX:CFP (3/7/2025, 7:00:00 PM)
14.97
+0.37 (+2.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg2.53%
1 Week-2.35%
2 Weeks-0.2%
1 Month2.11%
3 Month-11.05%
6 Month6.85%
12 Month-7.08%
2 Year-31.08%
3 Year-41.89%
5 Year105.07%
10 Year-40.95%
15 Year58.41%
Volatility
ATR(14)0.47
ATR(20)%2.89%
ATR Inc10.7%
Range Today0.77
ADR(20)0.43
ADR(20)%2.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.63
Mansfield-0.63
10 Day High15.57
10 Day Low14.09
20 Day High15.58
20 Day Low14.09
52 Week High18.38
52 Week Low13.53
CS1 End14.95
CR1 Start15.1
Volume & EV
DER(3)5.91%
DER(5)1.62%
Volume385.69K
Volume Incr55.69%
Vol(5)296.18K
Vol(50)182.87K