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CF closes higher for the 6th day in a row


Technical Analysis Report for CF - Apr 16, 2018 [< 1 min read]
Highlights
CF closes higher for the 6th day in a row
CF rises to highest close since April 5th
CF closes within previous day's range after lackluster session
TQ Sentiment
Technical Forecast:
Overview

Moving higher for the 6th day in a row, CF ended Monday at 38.45 edging higher $0.02 (0.05%) on low volume. Today's closing price of 38.45 marks the highest close since April 5th. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session.

Daily chart for CF
Volatility

Monday's trading range was $0.50 (1.29%), that's far below last trading month's daily average range of $1.13. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average.

Support/Resistance

Prices are trading close to a key support level at 38.01.

Trend

The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish.

Order Flow

Buying could accelerate should prices move above the nearby swing high at 38.89 where further buy stops might get activated. As prices are trading close to April's high at 38.89, upside momentum could speed up should the share mark new highs for the month.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Close to S1 Support TQ Pro Members Only
6 Consecutive Higher Closes TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

CF stuck within tight trading range

Apr 24, 2018
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