The Greedy Trader Weekly Analysis
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CF Industries (CF)

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Summary:
Weekly :Overbought sectorStochastic signal line moved above oversold areaWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overbought
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It was a second consecutive positive week for the CF Industries (CF). During the week, the CF gained 2.61 points, or 8.45%, and closed at 33.50 on Friday, November 20, 2020. Weekly volume was 24% 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 6.93 and resistance is at 52.96. 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 March 18, 2020 at 19.73 and reached 36.12 on August 11, 2020. CF gained -16.39 points, or -83.07%, in 20 weeks. The price is now at the 15.99% retracement level.

Weekly Technical Indicators: [See CF weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 33.67 on November 20, 2020. CF gained -8.37 points, or -33.08%, in 23 days. Price is near the trend high.

Daily Technical Indicators: [See CF daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since October 30, 2020. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.01
Williams' Percentage Range (W%R) 16.10
Overbought
Lane's Stochastic (%D-Slow) 90.48
Strong Overbought
Greed/Fear Indicator (GFI) 83.79
Overbought
Moving Average Converg./Diverg. (MACD) 0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.82
Williams' Percentage Range (W%R) 35.10
Lane's Stochastic (%D-Slow) 30.79
Greed/Fear Indicator (GFI) 48.67
Moving Average Converg./Diverg. (MACD) -0.99
Trading Signals
Description Value Chart
Upper Bollinger Band 35.14
Price 33.50
Daily Stochastic Crossing 33.22
Parabolic System 30.46
50 Day Moving Average 30.06
20 Day Moving Average 29.14
Weekly Stochastic Crossing 28.42
Lower Bollinger Band 25.41
Sector and Industry
Description Name Rank
Sector Materials 12
Industry Fertilizers & Agricultural Chemicals 65
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 25.96
Low Date 11/05/2020
High 33.67
High Date 11/20/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.30
Low Date 10/28/2020
High 33.67
High Date 11/20/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.12
High Date 08/11/2020
Low 25.30
Low Date 10/28/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.73
Low Date 03/18/2020
High 36.12
High Date 08/11/2020
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 52.96
Support 6.93
High 56.51
High Date 10/04/2018
Low 19.73
Low Date 03/18/2020
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.

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