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Central Federal Corporation Stock Forecast

NASDAQ:CFBK BUY

$21.17 (2.37%)

Volume: 3.192k

Closed: Aug 16, 2022

Hollow Logo Score: 0.000

Central Federal Corporation Stock Forecast

BUY NASDAQ:CFBK
$21.17 (2.37%)

Volume: 3.192k

Closed: Aug 16, 2022

Score Hollow Logo 0.000
Which way will CFBK go? Request
Tue, Aug 16, 2022 Hold/Accumulate
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 70 and the stock is currently not being overbought or oversold
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Central Federal Corporation stock price ended on $21.17 on Tuesday after gaining 2.37%
(Updated on Aug 16, 2022)


Hold candidate since 2022-08-12 Gain 2.52% PDF

The Central Federal Corporation stock price gained 2.37% on the last trading day (Tuesday, 16th Aug 2022), rising from $20.68 to $21.17. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.57% from a day low at $21.17 to a day high of $21.29. The price has risen in 7 of the last 10 days and is up by 3.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $67.57 thousand.

The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $21.09 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $22.01 sometime during the next 3 months.

Signals & Forecast

The Central Federal Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.71 and $20.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, August 02, 2022, and so far it has risen 3.72%. 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). Central Federal Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, June 16, 2022 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, June 16, 2022 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, June 24, 2022 and based on theory for this formation the price should fall by -0.42% to $21.08 within 17 trading days since signal was issued (Wednesday, July 20, 2022).

Support, Risk & Stop-loss

Central Federal Corporation finds support from accumulated volume at $21.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.12 between high and low, or 0.57%. For the last week the stock has had a daily average volatility of 0.28%.

Our recommended stop-loss: $20.14 (-4.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations For The Upcoming Trading Day Of Wednesday 17th

For the upcoming trading day on Wednesday 17th we expect Central Federal Corporation to open at $21.21, and during day (based on 14 day Average True Range), to move between $21.03 and $21.31, which gives a possible trading interval of +/-$0.14 (+/-0.68%) up or down from last closing price. If Central Federal Corporation takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.18 (0.05%) than the support at $21.00 (0.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.

Is Central Federal Corporation stock A Buy?

Central Federal Corporation 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: 0.000

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Hold/Accumulate Unchanged

Predicted Opening Price for Central Federal Corporation of Wednesday, August 17, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price August 17, 2022 Current price
$21.21 $21.17 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 21.33 0.76 %
21.28 0.54 %
21.26 0.41 %
Current price: 21.17
Support 21.16 -0.0276 %
21.14 -0.16 %
21.09 -0.38 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 21.24 0.33 %
21.20 0.14 %
21.18 0.0472 %
Current price 21.17
Support 21.00 -0.80%
20.80 -1.75%
20.70 -2.22%

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About Central Federal Corporation

Central Federal CF Bankshares Inc. operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It also offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans; construction and land loa... Read more

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