RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CFBK
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Central Federal Corporation stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Central Federal Corporation stock price fell by -1.09% on the last day (Thursday, 28th Mar 2024) from $20.19 to $19.97. During the last trading day the stock fluctuated 2.38% from a day low at $19.76 to a day high of $20.23. The price has fallen in 7 of the last 10 days and is down by -4.81% for this period. Volume has increased on the last day by 55 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, 56 thousand shares were bought and sold for approximately $1.12 million.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $19.74 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Central Federal Corporation stock with a 90% probability to be traded between $19.57 and $21.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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CFBK Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Central Federal Corporation 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 $19.98 and $21.11. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 for Central Federal Corporation stock

Central Federal Corporation finds support from accumulated volume at $19.83 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 $0.470 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 1.21%.

Central Federal Corporation is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CFBK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Central Federal Corporation to open at $19.99, and during the day (based on 14 day Average True Range), to move between $19.62 and $20.32, which gives a possible trading interval of +/-$0.351 (+/-1.76%) up or down from last closing price. If Central Federal Corporation takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.83 (0.70%) than the resistance at $21.00 (5.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Central Federal Corporation stock A Buy?

Central Federal Corporation 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 Buy to a Sell candidate.

Current score: -1.530 Sell Candidate Downgraded

Predicted Opening Price for Central Federal Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$19.99 ( 0.0835%) $19.97

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
Resistance R3 20.46 2.44 %
R2 20.28 1.54 %
R1 20.17 0.98 %
Current price: 19.97
Support S1 19.81 -0.82 %
S2 19.70 -1.37 %
S3 19.52 -2.27 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.79 9.11 %
R2 21.50 7.66 %
R1 21.00 5.16 %
Current price 19.97
Support S1 19.83 -0.701%
S2 19.75 -1.10%
S3 19.70 -1.35%

CFBK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 03, 2024 Jan 12, 2024 Jan 29, 2024 $0.0600 0.274%
2 Oct 13, 2023 Oct 13, 2023 Oct 27, 2023 $0.0600 0.390%
3 Jul 10, 2023 Jul 20, 2023 Aug 01, 2023 $0.0600 0.339%
4 Apr 06, 2023 Apr 14, 2023 Apr 28, 2023 $0.0600 0.354%
5 Jan 04, 2023 Jan 13, 2023 Jan 31, 2023 $0.0500 0.245%

FAQ

What is the symbol for Central Federal Corporation Stock and on which exchange is it traded?
The symbol for Central Federal Corporation is CFBK and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Central Federal Corporation Stock?
Central Federal Corporation 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 Buy to a Sell candidate.

How to buy Central Federal Corporation Stock?
Central Federal Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Central Federal Corporation Stock.

What's the current price of Central Federal Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Central Federal Corporation (CFBK) share was $19.97.

What is the 52-week high and low for Central Federal Corporation Stock?
The 52-week high for Central Federal Corporation Stock is $21.95 and the 52-week low is $14.69.

What is the market capitalization of Central Federal Corporation Stock?
As of the 2024-03-28, the market capitalization of Central Federal Corporation is 130.905M.

When is the next earnings date for Central Federal Corporation?
The upcoming earnings date for Central Federal Corporation is May 08, 2024.
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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... CFBK Profile

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