CF Industries Stock Forecast
Stronger technical forecast for CF Industries stock price after Friday trading.
(Updated on May 03, 2024)
The CF Industries stock price gained 0.298% on the last trading day (Friday, 3rd May 2024), rising from $73.87 to $74.09. During the last trading day the stock fluctuated 2.40% from a day low at $73.41 to a day high of $75.17. The price has been going up and down for this period, and there has been a -6.77% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $172.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $73.88 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect CF Industries stock with a 90% probability to be traded between $74.49 and $87.37 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CF Signals & Forecast
The CF Industries 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 $77.96 and $81.09. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.298%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for CF Industries stock
CF Industries finds support from accumulated volume at $73.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.76 between high and low, or 2.40%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: $69.86 (-5.71%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (CF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect CF Industries Holdings Inc to open at $74.22, and during the day (based on 14 day Average True Range), to move between $72.05 and $76.13, which gives a possible trading interval of +/-$2.04 (+/-2.76%) up or down from last closing price. If CF Industries Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $73.87 (0.30%) than the resistance at $76.80 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CF Industries Holdings Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.597 Buy Candidate Upgraded
Predicted Opening Price for CF Industries Holdings Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $74.22 ( 0.180%) | $74.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.98 | 2.56 % | |
| R2 | 75.31 | 1.65 % | ||
| R1 | 74.90 | 1.09 % | ||
| Current price: | 74.09 | |||
| Support | S1 | 73.55 | -0.727 % | |
| S2 | 73.14 | -1.29 % | ||
| S3 | 72.46 | -2.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.79 | 7.69 % | |
| R2 | 79.59 | 7.42 % | ||
| R1 | 76.80 | 3.66 % | ||
| Current price | 74.09 | |||
| Support | S1 | 73.87 | -0.297% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.500 | 0.675% |
| 2 | Feb 14, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.500 | 0.619% |
| 3 | Oct 17, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.400 | 0.532% |
| 4 | Jul 06, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.400 | 0.519% |
| 5 | May 03, 2023 | May 12, 2023 | May 31, 2023 | $0.400 | 0.650% |
FAQ
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