CF Industries Stock Forecast
Green day on Wednesday for CF Industries
(Updated on Apr 24, 2024)
The CF Industries stock price gained 0.90% on the last trading day (Wednesday, 24th Apr 2024), rising from $78.54 to $79.25. During the last trading day the stock fluctuated 1.72% from a day low at $78.06 to a day high of $79.41. The price has fallen in 7 of the last 10 days and is down by -2.03% for this period. Volume fell on the last day by -422 thousand shares and in total, 1 million shares were bought and sold for approximately $93.88 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 lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $78.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.81% during the next 3 months and, with a 90% probability hold a price between $82.77 and $93.38 at the end of this 3-month period.
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CF Signals & Forecast
There are mixed signals in the stock today. The CF Industries stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $82.33. On a fall, the stock will find some support from the short-term average at $78.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.93%. Further rise is indicated until a new top pivot has been found. 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 $78.10 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 $1.35 between high and low, or 1.72%. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $74.94 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CF) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect CF Industries Holdings Inc to open at $78.91, and during the day (based on 14 day Average True Range), to move between $77.31 and $81.19, which gives a possible trading interval of +/-$1.94 (+/-2.44%) 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 4.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $79.59 (0.43%) than the support at $78.10 (1.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
CF Industries will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.47. We will update the financials statements for CF Industries, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.46% in the first trading day after earnings release.
Is CF Industries Holdings Inc stock A Buy?
CF Industries holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.145 Hold/Accumulate Unchanged
Predicted Opening Price for CF Industries Holdings Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $78.91 ( 0.432%) | $79.25 |
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 | 80.25 | 1.27 % | |
| R2 | 79.74 | 0.618 % | ||
| R1 | 79.42 | 0.217 % | ||
| Current price: | 79.25 | |||
| Support | S1 | 78.39 | -1.08 % | |
| S2 | 78.08 | -1.48 % | ||
| S3 | 77.56 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.21 | 5.00 % | |
| R2 | 79.79 | 0.681 % | ||
| R1 | 79.59 | 0.429 % | ||
| Current price | 79.25 | |||
| Support | S1 | 78.10 | -1.45% | |
| S2 | 77.49 | -2.22% | ||
| S3 | 76.80 | -3.09% |
CF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.500 | 0.631% |
| 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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