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Advanced TA SearchArchive
- 4/12/2024 -
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CF Industries (CF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the CF Industries (CF). During the week, the CF dropped -7.01 points, or -8.24%, and closed at 78.10 on Friday, April 12, 2024. Weekly volume was 43% 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 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 (70.93) 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 81.48 and resistance is at 71.87. 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 75.21 and resistance is at 87.98. 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. 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. The distance between MACD and the signal line is near its high and getting bigger.
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 declined below 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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