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Central Federal Corporation Stock Forecast NASDAQ:CFBK

$20.20 (-1.42%)

Volume: 33k

Closed: September 16, 2021

Score: 1.046

Central Federal Corporation Stock Forecast

$20.20 (-1.42%)

Volume: 33k

Closed: September 16, 2021

Score 1.046
Which way will CFBK go? Request
Stop-loss: $19.53 (-3.32%)
Key Stats
Trailing Dividend Rate 0.59% ($0.12)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 61 and the stock is currently not being overbought or oversold

High volatility in Central Federal Corporation stock price on Thursday which ended trading at $20.20
(Updated on September 16, 2021)


Buy or Hold candidate since 2021-08-30 Gain 6.04%

The Central Federal Corporation stock price fell by -1.42% on the last day (Thursday, 16th Sep 2021) from $20.49 to $20.20. During the day the stock fluctuated 10.11% from a day low at $18.89 to a day high of $20.80. The price has risen in 6 of the last 10 days and is up by 7.39% over the past 2 weeks. Volume has increased on the last day by 32 thousand 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, 33 thousand shares were bought and sold for approximately $658.18 thousand.

The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $20.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.26% during the next 3 months and, with a 90% probability hold a price between $19.28 and $21.17 at the end of this 3-month period.

Signals & Forecast

The Central Federal Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $20.26. On a fall, the stock will find some support from the long-term average at approximately $19.24. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months 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 Wednesday, September 15, 2021, and so far it has fallen -1.42%. Further fall is indicated until a new bottom pivot has been found. Central Federal Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $19.07 and $18.85. There is 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 $19.07. If this is broken, then the next support from accumulated volume will be at $18.85 and $18.73.

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 $1.91 between high and low, or 10.11%. For the last week, the stock has had a daily average volatility of 4.43%.

Our recommended stop-loss: $19.53 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 days ago.)

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.

Current score: 1.046

Predicted Opening Price for Central Federal Corporation of Friday, September 17, 2021

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

Fair opening price September 17, 2021 Current price
$19.96 $20.20 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

Piper Sandler does not see either upside or downside right now giving CFBK "Neutral" on their last update on September 22, 2020. The price target was set to $12.00.

Volatility and Risk
Daily Average Volatility: 4.43 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.43 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $20.41
Price: $20.20
Support: $19.07

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 21.87 8.28 %
21.14 4.67 %
20.69 2.44 %
Current price: 20.20
Support 19.23 -4.78 %
18.78 -7.02 %
18.05 -10.63 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 20.49 1.44 %
20.45 1.24 %
20.41 1.04 %
Current price 20.20
Support 19.07 -5.59%
18.85 -6.68%
18.73 -7.28%

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About Central Federal Corporation

Central Federal Central Federal Corporation operates as the holding company for CFBank that provides various financial products and services in the United States. It offers various deposit products, including savings accounts, retail and business checking accounts, money market accounts, and certificates of deposits. The company also provides loan products comprising single-family mortgage loans; commercial real estate and multi-family residential mortgage loans... Read more

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