CF Industries Stock Forecast
Red day on Wednesday for CF Industries stock after losing 1.27%
(Updated on May 01, 2024)
The CF Industries stock price fell by -1.27% on the last day (Wednesday, 1st May 2024) from $78.97 to $77.97. During the last trading day the stock fluctuated 2.08% from a day low at $77.51 to a day high of $79.12. The price has been going up and down for this period, and there has been a 0.22% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -160 thousand shares and in total, 2 million shares were bought and sold for approximately $121.91 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $78.18. A reaction back to this level may hold a second chance to get out before further falls.
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CF Signals & Forecast
There are mixed signals in the stock today. 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 $79.36 and $81.68. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.283%. 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 CF Industries stock
CF Industries finds support from accumulated volume at $77.70 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 $1.61 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 2.08%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect CF Industries Holdings Inc to open at $78.20, and during the day (based on 14 day Average True Range), to move between $76.12 and $79.82, which gives a possible trading interval of +/-$1.85 (+/-2.37%) 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 4.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $77.70 (0.35%) than the resistance at $79.59 (2.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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 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: -1.619 Sell Candidate Unchanged
Predicted Opening Price for CF Industries Holdings Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $78.20 ( 0.291%) | $77.97 |
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 | 79.81 | 2.36 % | |
| R2 | 79.19 | 1.57 % | ||
| R1 | 78.81 | 1.08 % | ||
| Current price: | 77.97 | |||
| Support | S1 | 77.58 | -0.498 % | |
| S2 | 77.20 | -0.99 % | ||
| S3 | 76.59 | -1.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.21 | 6.72 % | |
| R2 | 79.79 | 2.33 % | ||
| R1 | 79.59 | 2.08 % | ||
| Current price | 77.97 | |||
| Support | S1 | 77.70 | -0.346% | |
| S2 | 77.19 | -1.00% | ||
| S3 | 76.80 | -1.50% |
CF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.500 | 0.641% |
| 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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