The Greedy Trader Weekly Analysis
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S&P 500 Overbought Stocks

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- 12/13/2024 -
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CF Industries (CF) Technical Analysis

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Summary:
Weekly :Oversold sector
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARTrend support at 89.68The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the CF Industries (CF). During the week, the CF gained 1.06 points, or 1.20%, and closed at 89.50 on Friday, December 13, 2024. Weekly volume was -33% below average.

CF is a member of Materials Sector. Materials is the most oversold 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 June 1, 2023 at 60.08 and reached 94.46 on December 4, 2024. CF gained -34.38 points, or -57.22%, in 78 weeks. The price is now at the 14.43% retracement level.

Medium-term trend: [See CF medium-term trend chart]
A medium-term uptrend had started on July 9, 2024 at 69.13 and reached 94.46 on December 4, 2024. CF gained -25.33 points, or -36.64%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 85.25 and resistance is at 105.40. 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 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 August 9, 2024. This is an indication that the medium-term trend is up. 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 31, 2024 at 80.74 and reached 94.46 on December 4, 2024. CF gained -13.72 points, or -16.99%, in 34 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (89.68) 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 MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.35
Williams' Percentage Range (W%R) 55.10
Lane's Stochastic (%D-Slow) 20.62
Greed/Fear Indicator (GFI) 37.64
Moving Average Converg./Diverg. (MACD) 1.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.47
Williams' Percentage Range (W%R) 20.70
Lane's Stochastic (%D-Slow) 70.66
Greed/Fear Indicator (GFI) 68.29
Moving Average Converg./Diverg. (MACD) 2.17
Trading Signals
Description Value Chart
Monthly Trendline Resistance 105.40
Weekly Trendline Resistance 96.14
Parabolic System 94.05
Upper Bollinger Band 92.11
Weekly Stochastic Crossing 90.91
Weekly Trendline Support 89.68
Price 89.50
Daily Stochastic Crossing 89.42
20 Day Moving Average 89.36
50 Day Moving Average 86.74
Lower Bollinger Band 85.45
Monthly Trendline Support 85.25
Sector and Industry
Description Name Rank
Sector Materials 1
Industry Fertilizers & Agricultural Chemicals 47
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 94.46
High Date 12/04/2024
Low 88.03
Low Date 12/09/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 96.14
Support 89.68
Low 80.74
Low Date 10/31/2024
High 94.46
High Date 12/04/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 105.40
Support 85.25
Low 69.13
Low Date 07/09/2024
High 94.46
High Date 12/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.08
Low Date 06/01/2023
High 94.46
High Date 12/04/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.60
High Date 08/26/2022
Low 60.08
Low Date 06/01/2023
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.