Technical Analysis for RFP - Resolute Forest Products Inc.

Grade Last Price % Change Price Change
A 12.08 2.90% 0.34
RFP closed up 2.9 percent on Friday, April 9, 2021, on approximately normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical RFP trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish 2.90%
New Uptrend Bullish 2.90%
Reversal New Highs Setup Bullish Swing Setup 2.90%
New 52 Week High Strength 2.90%
Outside Day Range Expansion 2.90%
Wide Bands Range Expansion 2.90%
Older End-of-Day Signals for RFP ...

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Profile

Resolute Forest Products Inc. Description

Resolute Forest Products Inc. manufactures and sells newsprint, commercial printing papers, market pulp, and wood products. It produces newsprint; coated mechanical papers for use in magazines, catalogs, books, retail advertising, direct mail, and coupons; and specialty papers, including supercalendered, superbright, high bright, bulky book, and directory papers for use in books, retail advertising, direct mail, coupons, and other commercial printing applications. The company also provides market pulp for use in various consumer products comprising tissue, packaging, specialty paper products, diapers, and other absorbent products. In addition, it produces construction-grade lumber; engineered wood products, such as I-joists; and offer bed frame components, finger joints, and furring strips. Further, the company sells pulpwood, saw timber, and wood chips; and recycles newspapers and magazines. It serves commercial printers, direct mailers, publishers, catalogers, and retailers through its regional sales offices and international sales agents. The company markets its products in approximately 80 countries. The company was formerly known as AbitibiBowater Inc. and changed its name to Resolute Forest Products Inc. in May 2012. Resolute Forest Products Inc. is headquartered in Montreal, Canada.


Classification

Sector: Basic Materials
Industry: Paper & Paper Products
Keywords: Consumer Products Printing Visual Arts Magazines Advertising Wood Products Paper Products Forest Products Engineered Wood Paper Diaper Newspaper Pulp Absorbent Products Sorbent Products Printing Papers Bed Frame Newsprint Printing Applications Wood Chips Ibibo Resolute

Is RFP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 12.161
52 Week Low 1.3401
Average Volume 555,838
200-Day Moving Average 6.04
50-Day Moving Average 9.63
20-Day Moving Average 10.28
10-Day Moving Average 11.09
Average True Range 0.62
ADX 26.24
+DI 36.45
-DI 14.82
Chandelier Exit (Long, 3 ATRs ) 10.29
Chandelier Exit (Short, 3 ATRs ) 10.40
Upper Bollinger Band 12.19
Lower Bollinger Band 8.38
Percent B (%b) 0.97
BandWidth 37.06
MACD Line 0.63
MACD Signal Line 0.45
MACD Histogram 0.1853
Fundamentals Value
Market Cap 984.93 Million
Num Shares 81.5 Million
EPS 0.64
Price-to-Earnings (P/E) Ratio 18.82
Price-to-Sales 0.18
Price-to-Book 0.35
PEG Ratio -5.08
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.88
Resistance 3 (R3) 12.82 12.49 12.75
Resistance 2 (R2) 12.49 12.29 12.52 12.71
Resistance 1 (R1) 12.29 12.16 12.39 12.35 12.66
Pivot Point 11.96 11.96 12.01 11.99 11.96
Support 1 (S1) 11.75 11.75 11.85 11.81 11.50
Support 2 (S2) 11.42 11.62 11.45 11.45
Support 3 (S3) 11.21 11.42 11.41
Support 4 (S4) 11.28