Central 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)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AI Analysis of CFBK
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Central Federal Corporation stock price down 2.10% on Thursday
(Updated on Oct 03, 2024)
Hold candidate since Sep 27, 2024
Loss -0.87%
The Central Federal Corporation stock price fell by -2.10% on the last day (Thursday, 3rd Oct 2024) from $22.12 to $21.65. During the last trading day the stock fluctuated 1.80% from a day low at $21.65 to a day high of $22.04. The price has fallen in 5 of the last 10 days and is down by -2.17% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 733 shares were bought and sold for approximately $15.87 thousand.
The stock lies in the middle of a wide and 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 10.86% during the next 3 months and, with a 90% probability hold a price between $22.98 and $25.37 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 $21.62 and $21.57. A breakdown below any of these levels will issue sell signals. 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 -3.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Central Federal Corporation stock
Central Federal Corporation finds support from accumulated volume at $21.56 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 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 $0.389 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: $20.70 (-4.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (CFBK) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect Central Federal Corporation to open at $21.78, and during the day (based on 14 day Average True Range), to move between $21.10 and $22.20, which gives a possible trading interval of +/-$0.545 (+/-2.52%) up or down from last closing price. If Central Federal Corporation takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.66 (0.05%) than the support at $21.56 (0.42%), 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?
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:
0.162
Hold/Accumulate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $21.78 ( 0.599%). 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 | 22.17 | 2.40% |
| R2 | 22.02 | 1.71% |
| R1 | 21.93 | 1.29% |
| Price | 21.65 | |
| S1 | 21.63 | -0.0875% |
| S2 | 21.54 | -0.512% |
| S3 | 21.39 | -1.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.25 | 2.77% |
| R2 | 21.83 | 0.83% |
| R1 | 21.66 | 0.0462% |
| Price | 21.65 | |
| S1 | 21.56 | -0.416% |
| S2 | 21.34 | -1.43% |
| S3 | 20.88 | -3.56% |
CFBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 01, 2024 | Oct 11, 2024 | Oct 19, 2024 | $0.0700 | 0.319% |
| 2 | Jul 01, 2024 | Jul 11, 2024 | Jul 19, 2024 | $0.0600 | 0.295% |
| 3 | Apr 08, 2024 | Apr 17, 2024 | Apr 29, 2024 | $0.0600 | 0.324% |
| 4 | Jan 03, 2024 | Jan 12, 2024 | Jan 29, 2024 | $0.0600 | 0.274% |
| 5 | Oct 13, 2023 | Oct 13, 2023 | Oct 27, 2023 | $0.0600 | 0.390% |
FAQ
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