Central Federal Corporation Stock Forecast
Red day on Monday for Central Federal Corporation stock after losing 0%
(Updated on Apr 22, 2024)
No changes to the price of Central Federal Corporation stock on the last trading day (Monday, 22nd Apr 2024). During the last trading day the stock fluctuated 0.393% from a day low at $18.40 to a day high of $18.47. The price has fallen in 7 of the last 10 days and is down by -3% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.34 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.10% during the next 3 months and, with a 90% probability hold a price between $15.39 and $16.75 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CFBK Signals & Forecast
There are mixed signals in the stock today. The Central Federal Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.54 and $19.86. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Central Federal Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0723 between high and low, or 0.393%. For the last week the stock has had daily average volatility of 0.567%.
Central Federal Corporation is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CFBK) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Central Federal Corporation to open at $18.42, and during the day (based on 14 day Average True Range), to move between $18.19 and $18.61, which gives a possible trading interval of +/-$0.208 (+/-1.13%) up or down from last closing price. If Central Federal Corporation takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $19.45, some $1.05 (5.71%) from the current price of $18.40, our system finds the risk reward not very attractive.
Is Central Federal Corporation stock A Buy?
Central Federal Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.721 Sell Candidate Unchanged
Predicted Opening Price for Central Federal Corporation of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $18.42 ( 0.131%) | $18.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CFBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.50 | 0.524 % | |
| R2 | 18.47 | 0.374 % | ||
| R1 | 18.45 | 0.281 % | ||
| Current price: | 18.40 | |||
| Support | S1 | 18.40 | -0.0191 % | |
| S2 | 18.38 | -0.112 % | ||
| S3 | 18.35 | -0.262 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.00 | 14.13 % | |
| R2 | 19.97 | 8.53 % | ||
| R1 | 19.45 | 5.71 % | ||
| Current price | 18.40 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CFBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 08, 2024 | Apr 17, 2024 | Apr 29, 2024 | $0.0600 | 0.325% |
| 2 | Jan 03, 2024 | Jan 12, 2024 | Jan 29, 2024 | $0.0600 | 0.274% |
| 3 | Oct 13, 2023 | Oct 13, 2023 | Oct 27, 2023 | $0.0600 | 0.390% |
| 4 | Jul 10, 2023 | Jul 20, 2023 | Aug 01, 2023 | $0.0600 | 0.339% |
| 5 | Apr 06, 2023 | Apr 14, 2023 | Apr 28, 2023 | $0.0600 | 0.354% |
FAQ
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