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CF Industries Holdings, Inc. (CF): Detailed technical analysis and trading indicators

CF Industries Holdings, Inc. (NYSE:CF) fell by -3.48% in yesterday’s trading from $30.21 to $29.16 and has now fallen 3 consecutive sessions. The price has fallen in 7 of the last 10 days and is down by -5.05% over the same course of time. Volume has increased in yesterday’s trading by 2.38 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 4.72 M shares exchanged hands for about $137.78 million.

Inside CF’s Recent Trend

CF Industries Holdings, Inc. (CF) is at the bottom end of a wide and vertical trend in a short period of time, and this is generally seen as a very good entry point. A break down through the resistance trend line at $29.15 will initially suggest a lower tendency for gains in the price and this might very well be an early sign that a trend shift is coming. Short-term traders are predicted to see a rally of 13.87% over the course of a quarter and, with 90% chance the price will be floating in the range of $33.19 and $37.33 in this timeframe.

CF Industries Holdings, Inc. Technical Signals



CF has witnessed its long term and short term MA triggering a sell signal. Upon corrections, the price will meet resistance from the averages between $30.43 and $29.75. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Friday August 04, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. Volume up and price depreciating is getting our attention as this movement is seen as bearish sign.

CF Industries Holdings, Inc. (NYSE:CF) Support And Resistance Levels

CF Industries Holdings, Inc. (CF) recorded volume accumulation so there will probably be a surplus of buyers at $28.88. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $29.22, $30.71 and $32.21.




Accumulated volume is going to prevent the price from rising further at $29.22 and this action will lead the price to take a temporary pause or stay muted for a few days.

CF Industries Holdings, Inc. (CF) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $1.24 (4.27%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 2.69%.

 

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