The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 4
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/5/2024 -
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CF Industries (CF) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week for the CF Industries (CF). During the week, the CF gained 1.90 points, or 2.28%, and closed at 85.11 on Friday, April 5, 2024. CF was trading at average weekly trading volume.

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 uptrend had started on March 18, 2020 at 19.73 and reached 119.60 on August 26, 2022. CF gained -99.87 points, or -506.18%, in 127 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (70.68) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CF medium-term trend chart]
A medium-term downtrend had started on August 26, 2022 at 119.60 and reached 60.08 on June 1, 2023. CF lost 59.52 points, or 49.77%, in 39 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (80.98) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CF weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 23, 2024. 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 5, 2023 at 72.80 and reached 87.04 on March 20, 2024. CF gained -14.24 points, or -19.56%, in 106 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 75.08 and resistance is at 87.69. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CF daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since March 21, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.23
Williams' Percentage Range (W%R) 32.80
Lane's Stochastic (%D-Slow) 50.01
Greed/Fear Indicator (GFI) 57.80
Moving Average Converg./Diverg. (MACD) 0.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.01
Williams' Percentage Range (W%R) 12.10
Overbought
Lane's Stochastic (%D-Slow) 79.73
Greed/Fear Indicator (GFI) 74.80
Moving Average Converg./Diverg. (MACD) 0.44
Trading Signals
Description Value Chart
Weekly Trendline Resistance 87.69
Upper Bollinger Band 86.14
Price 85.11
Weekly Stochastic Crossing 84.84
20 Day Moving Average 84.30
Daily Stochastic Crossing 84.27
Parabolic System 81.81
Quarterly Trendline Support 80.98
Lower Bollinger Band 80.82
50 Day Moving Average 80.77
Monthly Trendline Resistance 80.40
Monthly Trendline Support 75.08
Weekly Trendline Support 75.08
Quarterly Trendline Resistance 72.46
Yearly Trendline Resistance 72.46
Yearly Trendline Support 70.68
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Fertilizers & Agricultural Chemicals 80
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 73.65
Low Date 01/22/2024
High 87.04
High Date 03/20/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 87.69
Support 75.08
Low 72.80
Low Date 12/05/2023
High 87.04
High Date 03/20/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 80.40
Support 75.08
High 87.90
High Date 09/26/2023
Low 72.80
Low Date 12/05/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 72.46
Support 80.98
High 119.60
High Date 08/26/2022
Low 60.08
Low Date 06/01/2023
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 72.46
Support 70.68
Low 19.73
Low Date 03/18/2020
High 119.60
High Date 08/26/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.