- 1/8/2021 -
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CF Industries (CF)
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|It was a second positive week after 3 consecutive negative weeks for the CF Industries (CF). During the week, the CF gained 4.45 points, or 11.50%, and closed at 43.16 on Friday, January 8, 2021. It was the best weekly gain since November 27, 2020. Weekly volume was 12% above average. |
CF is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See CF long-term trend chart]
A long-term downtrend had started on October 4, 2018 at 56.51 and reached 19.73 on March 18, 2020. CF lost 36.78 points, or 65.09%, in 75 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 4.56 and resistance is at 52.75. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
Medium-term trend: [See CF medium-term trend chart]
A medium-term uptrend had started on October 28, 2020 at 25.30 and reached 43.98 on January 7, 2021. CF gained -18.68 points, or -73.83%, in 10 weeks. Price is near the trend high.
Weekly Technical Indicators: [See CF weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 13, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See CF short-term trend chart]
A short-term uptrend had started on December 22, 2020 at 36.21 and reached 43.98 on January 7, 2021. CF gained -7.77 points, or -21.46%, in 16 days. The price is now at the 10.55% retracement level.
Daily Technical Indicators: [See CF daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.