0% commission for ETF tradesCentral Federal Corporation Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
A buy signal generated when short-term moving averages cross long-term moving averages in an upward direction.
Sell Signal (MA)
A sell signal generated when short-term moving averages cross long-term moving averages in a downward direction.
AI Analysis of CFBK
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Central Federal Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session
(Updated on Sep 19, 2024)
Buy or Hold candidate since Sep 11, 2024
Gain 0.59%
The Central Federal Corporation stock price gained 1.37% on the last trading day (Thursday, 19th Sep 2024), rising from $21.83 to $22.13. During the last trading day the stock fluctuated 2.58% from a day low at $22.11 to a day high of $22.68. The price has been going up and down for this period, and there has been a 3.51% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 6 thousand shares were bought and sold for approximately $125.23 thousand. 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 middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.80% during the next 3 months and, with a 90% probability hold a price between $24.85 and $26.89 at the end of this 3-month period.
CFBK 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 $22.02 and $21.54. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, September 12, 2024, and so far it has fallen -0.98%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Central Federal Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $19.20 and $18.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Central Federal Corporation finds support just below today's level at $19.20. If this is broken, then the next support from accumulated volume will be at $18.94 and $17.56.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.570 between high and low, or 2.58%. For the last week the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: $21.22 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 59 days ago.)
Trading Expectations (CFBK) For The Upcoming Trading Day Of Friday 20th
For the upcoming trading day on Friday, 20th we expect Central Federal Corporation to open at $22.31, and during the day (based on 14 day Average True Range), to move between $21.55 and $22.71, which gives a possible trading interval of +/-$0.583 (+/-2.64%) up or down from last closing price. If Central Federal Corporation takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.25 (0.54%) than the support at $19.20 (13.24%), 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.
Is Central Federal Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Central Federal Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score:
4.103
Buy Candidate
Upgraded
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Predicted Fair Opening Price
Predicted fair opening price on September 20, 2024 - $22.31 ( 0.798%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for CFBK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.88 | 3.37% |
| R2 | 22.66 | 2.39% |
| R1 | 22.52 | 1.78% |
| Price | 22.13 | |
| S1 | 22.09 | -0.186% |
| S2 | 21.95 | -0.793% |
| S3 | 21.74 | -1.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 22.35 | 0.99% |
| R1 | 22.25 | 0.542% |
| Price | 22.13 | |
| S1 | 19.20 | -13.24% |
| S2 | 18.94 | -14.41% |
| S3 | 17.56 | -20.65% |
CFBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 11, 2024 | Jul 19, 2024 | $0.0600 | 0.295% |
| 2 | Apr 08, 2024 | Apr 17, 2024 | Apr 29, 2024 | $0.0600 | 0.324% |
| 3 | Jan 03, 2024 | Jan 12, 2024 | Jan 29, 2024 | $0.0600 | 0.274% |
| 4 | Oct 13, 2023 | Oct 13, 2023 | Oct 27, 2023 | $0.0600 | 0.390% |
| 5 | Jul 10, 2023 | Jul 20, 2023 | Aug 01, 2023 | $0.0600 | 0.339% |
FAQ
Click here for our free guide on how to buy Central Federal Corporation Stock.
