The Hourly View for CF
At the time of this writing, CF (Get Ratings)’s price is up $0.41 (0.9%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20 and 50 hour moving averages have been crossed, so that price is now turning above them. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
CF’s Technical Outlook on the Daily Chart
Currently, CF’s price is up $0.23 (0.5%) from the day prior. This is the 2nd day in a row CF has seen its price head up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. CF Industries Holdings Inc’s price action over the past 90 days can be seen via the chart below.
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