CF Industries (CF)
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|It was a first positive week for the CF Industries (CF). During the week, the CF gained 3.56 points, or 13.03%, and closed at 30.89 on Friday, November 13, 2020. Weekly volume was 30% 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 7.30 and resistance is at 53.00. 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 downtrend had started on August 11, 2020 at 36.12 and reached 25.30 on October 28, 2020. CF lost 10.82 points, or 29.96%, in 11 weeks. The price is now at the 51.66% retracement level.
Weekly Technical Indicators: [See CF weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since October 16, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 October 28, 2020 at 25.30 and reached 31.50 on November 11, 2020. CF gained -6.20 points, or -24.51%, in 14 days. The price is now at the 9.84% retracement level.
Daily Technical Indicators: [See CF daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since October 30, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.