The Greedy Trader Weekly Analysis
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Daily W%R:< 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/19/2024 -
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CF Industries (CF) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Lane's Stochastic is oversoldStochastic has raised above the signal line
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It was a first positive week for the CF Industries (CF). During the week, the CF gained 1.37 points, or 1.75%, and closed at 79.47 on Friday, April 19, 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 (71.18) 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 trend support level is at 81.97 and resistance is at 71.29. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See CF weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since February 23, 2024. The distance between MACD and the signal line is low and getting smaller. 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 75.35 and resistance is at 88.28. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since March 21, 2024.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.43
Williams' Percentage Range (W%R) 72.40
Lane's Stochastic (%D-Slow) 19.75
Oversold
Greed/Fear Indicator (GFI) 28.59
Moving Average Converg./Diverg. (MACD) -0.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.36
Williams' Percentage Range (W%R) 52.00
Lane's Stochastic (%D-Slow) 59.44
Greed/Fear Indicator (GFI) 53.31
Moving Average Converg./Diverg. (MACD) 0.64
Trading Signals
Description Value Chart
Weekly Trendline Resistance 88.28
Upper Bollinger Band 85.68
Weekly Stochastic Crossing 82.22
Quarterly Trendline Support 81.97
20 Day Moving Average 81.42
50 Day Moving Average 81.30
Parabolic System 80.90
Monthly Trendline Resistance 79.83
Price 79.47
Daily Stochastic Crossing 78.06
Lower Bollinger Band 76.00
Weekly Trendline Support 75.35
Monthly Trendline Support 75.35
Quarterly Trendline Resistance 71.29
Yearly Trendline Resistance 71.29
Yearly Trendline Support 71.18
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Fertilizers & Agricultural Chemicals 76
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
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 88.28
Support 75.35
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 Test Resistance
Resistance 79.83
Support 75.35
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 Valid
Resistance 71.29
Support 81.97
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 71.29
Support 71.18
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.