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

Canfor Corp
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Canfor Corp is no longer overbought and normal trading conditions are resumed
Stochastic Oscillator /
Canfor Corp is no longer overbought and normal trading conditions are resumed

[BEARISH]: Canfor Corp is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Canfor Corp: Sellers have lost commitment.
Open Tod Vs Close Tod /
Canfor Corp: Sellers have lost commitment.

[BEARISH WEAK]: Canfor Corp opened in the upper part of daily range at 69.8% & closed in the middle part of the trading range at 53.5%. This suggests the sellers have lost commitment. Over the last 12 months there has been 12 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 18.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 18.2%.

Triangular Moving Average /
[Bullish]: Trend following indicator for CFP highlights upward price direction is likely

[BULLISH]: Canfor Corp currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.3%.

Closing Price /
Canfor Corp: Daily performance is -0.3 % [Downtrend]

[BEARISH]: Canfor Corp current downtrend in the first timeframe. Currently, the Close is $30.04.

High Price /
Weaker price performance from CFP has seen a lower high of -0.7 % [Downtrend]

[BEARISH]: Canfor Corp current downtrend in the first timeframe. Currently, the HIGH is -0.7 %.

Medium Trend /
Canfor Corp has maintained the 2nd timeframe trend [Uptrend]

CFP: Medium Term Current Signal -> (1) 16 Feb: BULLISH (2) 16 Feb: BULLISH (3) 16 Feb: BULLISH

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Pivot Points /
Canfor Corp: Look for a long limit order entry @$30.25

Canfor Corp has broken the first resistance point ($30.25) [Bullish]. Look for a long limit order entry near this point. Exit price for CFP should be set @$30.46 & Stoploss for Canfor Corp should be set between $29.6 & $29.39

Positive ROC confirmation for Canfor Corp is a leading indicator for continued price rise
Rate of Change /
Positive ROC confirmation for Canfor Corp is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Canfor Corp currently has positive rate of change of 2.1%. 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

Canfor Corp: Daily opening price is $30.11
Opening Price /
Canfor Corp: Daily opening price is $30.11

[BEARISH]: Canfor Corp opening price has gapped down. Currently, the OPEN is $30.11 (-0.6 %).

Exponential Moving Average /
Canfor Corp is in a short term uptrend with the closing price @$30.04

[BULLISH]: Canfor Corp currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.3%.

Commodity Channel Index /
Initiation of an overbought CCI signal for Canfor Corp

[BEARISH CROSSOVER]: Canfor Corp current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 182. During the quarter, the highest CCI value was 209. The last overbought signal occurred on Feb 8 2018

Limit order for a long position has been identified for Canfor Corp [Bullish]
Woodie Pivot Point /
Limit order for a long position has been identified for Canfor Corp [Bullish]

Canfor Corp has broken the first Woodie resistance point ($30.254) [Bullish]. Look for a long limit order entry near this point. Exit price for CFP should be set @$30.462 & Stoploss for Canfor Corp should be set at $29.602

Percentage volume oscillator is now positive for CFP
Percentage Volume /
Percentage volume oscillator is now positive for CFP

[BULLISH CROSSOVER]: Canfor Corp currently has positive PVO 1.9%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -0.2%.

Low Price /
[Bullish]: Canfor Corp has beaten previous low by 1.3 %

[BEARISH]: Canfor Corp current uptrend in the first timeframe. Currently, the Low is $29.81 (1.3 %).

MACD /
MACD oscillator is now positive for CFP

[BULLISH CROSSOVER]: Canfor Corp currently has positive MACD of 0.047000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.2%.

Elder Ray Index /
[Buying Pressure]: ERI has increased for Canfor Corp during the last trading session

CFP: Elder Ray Index Current Signal -> (1) 16 Feb: BULLISH (2) 16 Feb: BULLISH (3) 16 Feb: BULLISH

[Bullish]: Trend following indicator for CFP highlights upward price direction is likely
Sine Weighted Moving Average /
[Bullish]: Trend following indicator for CFP highlights upward price direction is likely

CFP: SWMA Recent Trading -> (1) 16 Feb: 29.655 (2) 16 Feb: 28.550 (3) 16 Feb: 106.178

Canfor Corp: ATR (0.785)
Average True Range /
Canfor Corp: ATR (0.785)

[Bullish]: Average True Range has confirmed an uptrend is present. Canfor Corp has a TR of 0.43, and an ATR(14) of 0.785.

CFP has achieved a lower volume of 178992 (-57.3)
Volume /
CFP has achieved a lower volume of 178992 (-57.3)

[BEARISH]: Canfor Corp current volume downtrend in the first timeframe. Volume for CFP is178992 (-57.3).

Close Tod Vs Close Yest /
Daily trading performance for CFP has initiated a short term downtrend

[BEARISH]: Canfor Corpsellers are keener than buyers and are driving the price down. This is the first day of price decline for CFP adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.7 & the greatest daily negative change this year has been -2.7. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -7.6%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -3.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -1.2%

Short Black Candle /
CFP Basic Candle: Short Black

[BEARISH]: Canfor Corp has formed a Short Black candlestick. This means, CFP has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Simple Moving Average /
The SMA trend following signal is still current for Canfor Corp [Bullish]

[BEARISH]: Canfor Corp currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.3%.

Range Tod Vs Range Yest /
Canfor Corp: Range Performance (-58.3)

[WEAK BEARISH]: Canfor Corpbuyers are becoming less eager.There has been 2 consecutive days of range decrease for CFP reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $2.81 & the greatest daily price range this year has been $5.95. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.5x.

Canfor Corp: Look for a long limit order entry @$29.975
Demarks Pivot Points /
Canfor Corp: Look for a long limit order entry @$29.975

Canfor Corp has broken the first DeMark resistance point ($29.975) [Bullish]. Look for a long limit order entry near this point. Exit price for CFP should be set @$30.14 & Stoploss for Canfor Corp should be set at $29.71

CFP has achieved a lower range ($0.43)
Price Range /
CFP has achieved a lower range ($0.43)

[BEARISH]: Canfor Corp current downtrend in the first timeframe. Currently, the Range is $0.43.

Elders Force Index /
[Buying Pressure]: Elders Force Index (43232) confirms bullish conditions have commenced

CFP: Elders Force Index Current Signal -> (1) 16 Feb: BULLISH CROSSOVER (2) 16 Feb: BEARISH (3) 16 Feb: BEARISH

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