CF Industries Stock Forecast
Evaluation of CF Industries stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The CF Industries stock price fell by -3.48% on the last day (Tuesday, 2nd Jul 2024) from $73.38 to $70.83. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.67% from a day low at $70.44 to a day high of $73.73. The price has fallen in 7 of the last 10 days and is down by -4.31% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $156.32 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $69.31 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.77% during the next 3 months and, with a 90% probability hold a price between $63.92 and $72.31 at the end of this 3-month period.
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CF Signals & Forecast
There are few to no technical positive signals at the moment. 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 $74.34 and $76.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -12.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for CF Industries 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.29 between high and low, or 4.67%. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CF Industries Holdings Inc to open at $71.67, and during the day (based on 14 day Average True Range), to move between $68.86 and $72.80, which gives a possible trading interval of +/-$1.97 (+/-2.78%) 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 5.57% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $73.87, some $3.04 (4.29%) from the current price of $70.83, our system finds the risk reward not very attractive.
Is CF Industries Holdings Inc stock A Buy?
CF Industries holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.208 Strong Sell Candidate Downgraded
Predicted Opening Price for CF Industries Holdings Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $71.67 ( 1.18%) | $70.83 |
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 | |
|---|---|---|
| R3 | 74.96 | 5.83% |
| R2 | 73.70 | 4.05% |
| R1 | 72.92 | 2.96% |
| Price | 70.83 | |
| S1 | 70.41 | -0.593% |
| S2 | 69.63 | -1.69% |
| S3 | 68.38 | -3.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 79.79 | 12.65% |
| R2 | 79.59 | 12.37% |
| R1 | 73.87 | 4.29% |
| Price | 70.83 | |
| S1 | 0 | - |
| 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 | 0.627% |
| 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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