Resolute Forest Products Inc (RFP.CA) Stock Technical Analysis
TSX:RFP - Toronto Stock Exchange - US76117W1099 - Common Stock - Currency: CAD
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.
When comparing the yearly performance of all stocks, we notice that RFP is one of the better performing stocks in the market, outperforming 95% 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 90% of 12 stocks in the same industry.
RFP is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
Volume is considerably higher in the last couple of days.
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
17.72
29.72
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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.15
Mansfield1.99
10 Day High31.24
10 Day Low28.41
20 Day High31.24
20 Day Low28.41
52 Week High31.24
52 Week Low14.54
Performance
1 Week0%
2 Weeks0.31%
1 Month1.27%
3 Month3.63%
6 Month10.81%
12 Month82.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)0.08
RSI(14)50.46
LBB28.36
UBB30.72
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.
TSX:RFP (3/2/2023, 7:00:00 PM)
29.43
-1.8 (-5.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-5.76%
1 Week0%
2 Weeks0.31%
1 Month1.27%
3 Month3.63%
6 Month10.81%
12 Month82.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%1.8%
ATR Inc481.69%
Range Today2.7
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
CRS95.15
Mansfield1.99
10 Day High31.24
10 Day Low28.41
20 Day High31.24
20 Day Low28.41
52 Week High31.24
52 Week Low14.54
CS1 End29.41
CR1 StartN/A
Volume & EV
DER(3)4.4%
DER(5)-1.15%
Volume356.51K
Volume Incr780.75%
Vol(5)131.16K
Vol(50)30.81K