The Greedy Trader Weekly Analysis
Sign In May 24, 2024
Skip Navigation Links
Share
Number of records: 2
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

S&P 500 Oversold Stocks

Archive
- 5/17/2024 -
Sign In to see current Signals.

CF Industries (CF) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend resistance lineLane's Stochastic is oversold
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend support at 75.90
Move cursor over the icon to see details.

It was a first positive week for the CF Industries (CF). During the week, the CF gained 2.27 points, or 3.07%, and closed at 76.22 on Friday, May 17, 2024. It was the best weekly gain since February 23, 2024. Weekly volume was -25% below 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 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 (72.18) 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 83.94 and resistance is at 68.95. 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 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 April 19, 2024. This is an indication that the medium-term trend is down. 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 price is near the trend support (75.90) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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) 35.29
Williams' Percentage Range (W%R) 49.30
Lane's Stochastic (%D-Slow) 59.59
Greed/Fear Indicator (GFI) 48.51
Moving Average Converg./Diverg. (MACD) -1.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.65
Williams' Percentage Range (W%R) 69.70
Lane's Stochastic (%D-Slow) 17.83
Oversold
Greed/Fear Indicator (GFI) 31.73
Moving Average Converg./Diverg. (MACD) 0.31
Trading Signals
Description Value Chart
Weekly Trendline Resistance 89.45
Quarterly Trendline Support 83.94
Upper Bollinger Band 81.48
50 Day Moving Average 80.19
20 Day Moving Average 76.51
Price 76.22
Daily Stochastic Crossing 76.15
Weekly Trendline Support 75.90
Weekly Stochastic Crossing 75.26
Parabolic System 73.06
Yearly Trendline Support 72.18
Lower Bollinger Band 71.59
Yearly Trendline Resistance 68.95
Quarterly Trendline Resistance 68.95
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Fertilizers & Agricultural Chemicals 54
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 87.04
High Date 03/20/2024
Low 73.04
Low Date 05/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 89.45
Support 75.90
Low 72.80
Low Date 12/05/2023
High 87.04
High Date 03/20/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 68.95
Support 83.94
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 68.95
Support 72.18
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.