Central Federal Corporation Stock Forecast
Central Federal Corporation stock price down 0.536% on Wednesday
(Updated on Apr 17, 2024)
The Central Federal Corporation stock price fell by -0.536% on the last day (Wednesday, 17th Apr 2024) from $18.64 to $18.54. During the last trading day the stock fluctuated 0.0539% from a day low at $18.54 to a day high of $18.55. The price has fallen in 8 of the last 10 days and is down by -2.42% for this period. Volume has increased on the last day by 175 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, 1 thousand shares were bought and sold for approximately $26.68 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.46 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.86% during the next 3 months and, with a 90% probability hold a price between $15.72 and $17.07 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CFBK Signals & Forecast
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. 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 $18.67 and $20.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -15.15%. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Central Federal Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0100 between high and low, or 0.0539%. For the last week, the stock has had daily average volatility of 0.281%.
Central Federal Corporation is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Central Federal Corporation to open at $18.54, and during the day (based on 14 day Average True Range), to move between $18.32 and $18.76, which gives a possible trading interval of +/-$0.222 (+/-1.20%) up or down from last closing price. If Central Federal Corporation takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $19.45, some $0.91 (4.91%) from the current price of $18.54, our system finds the risk reward not very attractive.
Is Central Federal Corporation stock A Buy?
Central Federal Corporation holds several negative signals and is within a 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.
Current score: -2.593 Sell Candidate Unchanged
Predicted Opening Price for Central Federal Corporation of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$18.54 ( 0.0180%) | $18.54 |
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 | 18.55 | 0.0719 % | |
R2 | 18.55 | 0.0513 % | ||
R1 | 18.55 | 0.0386 % | ||
Current price: | 18.54 | |||
Support | S1 | 18.54 | -0.0026 % | |
S2 | 18.54 | -0.0154 % | ||
S3 | 18.53 | -0.0360 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.00 | 13.27 % | |
R2 | 19.97 | 7.71 % | ||
R1 | 19.45 | 4.91 % | ||
Current price | 18.54 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
CFBK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 08, 2024 | Apr 17, 2024 | Apr 29, 2024 | $0.0600 | 0.323% |
2 | Jan 03, 2024 | Jan 12, 2024 | Jan 29, 2024 | $0.0600 | 0.274% |
3 | Oct 13, 2023 | Oct 13, 2023 | Oct 27, 2023 | $0.0600 | 0.390% |
4 | Jul 10, 2023 | Jul 20, 2023 | Aug 01, 2023 | $0.0600 | 0.339% |
5 | Apr 06, 2023 | Apr 14, 2023 | Apr 28, 2023 | $0.0600 | 0.354% |
FAQ
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