GFL Environmental Inc (GFL): Price Now Near $31.93; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for GFL

At the time of this writing, GFL (Get Ratings)’s price is up $0.3 (0.94%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as GFL has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

GFL ranks 5th in terms of today’s price percentage change out of Almost Nothing stocks.

GFL’s Technical Outlook on the Daily Chart

Currently, GFL’s price is up $0.74 (2.37%) from the day prior. The daily chart shows that GFL has seen 2 straight up days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. GFL Environmental Inc’s price action over the past 90 days can be seen via the chart below.

GFL

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