Technical analysis from Canfor Corp (CFP.TO, TSE:CFP) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Canfor Corp
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[Bearish]: TMA(5) is serving as a resistance line for Canfor Corp
Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Canfor Corp

[BEARISH]: Canfor Corp currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0%.

CFP: Average True Range has confirmed an downtrend @0.467
Average True Range /
CFP: Average True Range has confirmed an downtrend @0.467

[Bearish]: Average True Range has confirmed an downtrend is present. Canfor Corp has a TR of 0.29, and an ATR(14) of 0.467.

Open Tod Vs Close Tod /
CFP: Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range

[BULLISH]: Canfor Corp opened in the middle part of daily range at 55.2% & closed in the upper part of the trading range at 96.6%. This suggests the buyers have taken control. Over the last 12 months there has been 17 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 10.4%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 15.4%.

Demarks Pivot Points /
Canfor Corp has moved above the R1 DeMark pivot point ($24.105) [Bullish]

Canfor Corp has broken the first DeMark resistance point ($24.105) [Bullish]. Look for a long limit order entry near this point. Exit price for CFP should be set @$24.32 & Stoploss for Canfor Corp should be set at $24.03

Exponential Moving Average /
[Bearish]: EMA(5) is serving as a resistance line for Canfor Corp

CFP: EMA(5) Recent Trading -> (1) 19 Oct: 24.224 (2) 18 Oct: 24.2511 (3) 17 Oct: 24.2966

Short Trend /
Canfor Corp: Daily Uptrend has been confirmed

[BULLISH]: Canfor Corp is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 7

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Close Tod Vs Close Yest /
Canfor Corp: Daily Performance (0%.)

[NEUTRAL]: Neither buyers are keener than sellers translating to the price remaining flat for Canfor Corp. This is the first day of neutral price movement for CFP adding strength to indecision in the first timeframe. The longest consecutive number of unchanged days over the last 12 months has been 1 days, of which a total of 1 have occurred this month. The ratio of neutral days against total trading days equals 0x

White Candle /
CFP Basic Candle: White

[BULLISH]: Canfor Corp has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

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Daily trading has confirmed an Aroon strong uptrend (60) for Canfor Corp
Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (60) for Canfor Corp

CFP: Aroon Oscillator Recent Trading -> (1) 19 Oct: 60 (2) 18 Oct: 76 (3) 17 Oct: 76

Positive VROC: Volume is higher for Canfor Corp than 14 days ago
Volume Rate of Change /
Positive VROC: Volume is higher for Canfor Corp than 14 days ago

[BULLISH]: Canfor Corp currently has positive volume of change of 45%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.

Advance Block /
Canfor Corp: Advance Block

[BULLISH]: Canfor Corp has formed a new Advance Block pattern.

Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Canfor Corp

[BULLISH]: Canfor Corp currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0%.

Low Price /
Canfor Corp: Daily low performance is 0.8 % [Uptrend]

[BEARISH]: Canfor Corp current uptrend in the first timeframe. Currently, the Low is $23.89 (0.8 %).

CFP: Percentage Volume Oscillator [Bearish]
Percentage Volume /
CFP: Percentage Volume Oscillator [Bearish]

[BEARISH]: Canfor Corp currently has negative PVO -3.7%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.5%.

Daily trading has maintained an Uptrend medium trend for Canfor Corp
Medium Trend /
Daily trading has maintained an Uptrend medium trend for Canfor Corp

[BULLISH]: Canfor Corp is in an uptrend in the medium term timeframe. The current rally number is 47 & the highest rally count for the LTM is 47. The highest rally for the month is 13

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Canfor Corp indicating downward price movement is likely

[BEARISH]: Canfor Corp currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0%.

TRADE /
The current market capitalization of Canfor Corp is $3.21B

Canfor Corp key financial metrics: (1) MCAP: $3.21B (2) Shares: 132804000 (3) Free Float: 66979000

Opening Price /
CFP opening price of $24.05 (0.2 %)

[BEARISH]: Canfor Corp opening price has gapped down. Currently, the OPEN is $24.05 (0.2 %).

Negative momentum for Canfor Corp is a leading indicator for continued price falls
Momentum /
Negative momentum for Canfor Corp is a leading indicator for continued price falls

[BEARISH]: Canfor Corp currently has negative momentum of -0.28 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 4 days producing a return of 0%%.

Buying pressure for CFP highlights ability of buyers to drive the price upwards
Elder Ray Index /
Buying pressure for CFP highlights ability of buyers to drive the price upwards

[BULLISH]: Canfor CorpElder Ray Index is signalling a Bullish movementERI is 0.049 indicating bull power. Prices are being driven above the consensus of value for CFP during the last trading session [Buying Pressure]

Ulcer index has reduced in stress level & low drawdown is expected for CFP
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for CFP

[BEARISH]: Canfor Corp UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.923.

Price Range /
Canfor Corp: Daily price range is 0.29 [Downtrend]

[BEARISH]: Canfor Corp current downtrend in the first timeframe. Currently, the Range is $0.29.

GROWTH /
The current book value of Canfor Corp is $12.14

Canfor Corp Key financial metrics: (1) Book Value: $12.14 (2) Market-to-Book ratio: 1.99 (3) PEG Ratio: 13.59

Rate of Change /
Positive ROC for CFP is a leading indicator for continued price rise

[BULLISH]: Canfor Corp currently has positive rate of change of 2.9%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Coles Reaction Day /
Canfor Corp: Coles Rally Day has been confirmed

Canfor Corp: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for CFP

[Bullish]: Elders Force Index (14896) confirms buying pressure remains
Elders Force Index /
[Bullish]: Elders Force Index (14896) confirms buying pressure remains

CFP: Elders Force Index Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Volume MACD oscillator is now negative for CFP
MACD Volume /
Volume MACD oscillator is now negative for CFP

[BEARISH CROSSOVER]: Canfor Corp currently has negative Volume MACD of -1882. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Volume /
Canfor Corp: Daily volume is 167314 [Lower Volume]

[BEARISH]: Canfor Corp current volume downtrend in the first timeframe. Volume for CFP is167314 (-33.8).

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