Taking everything into account, CFBK scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CFBK is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- CFBK is part of the Banks industry. There are 383 other stocks in this industry. CFBK outperforms 77% of them.
- CFBK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CFBK has a been trading in the 24.32 - 29.95 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that CFBK is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although CFBK has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.05 to 25.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.52 to 24.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.72 to 24.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.65 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CFBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CFBK is up. |
| ChartMill Relative Strength | 81.59 | POSITIVE | CFBK has a high relative strength, it outperformed 81.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CFBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CFBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CFBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.97 | NEUTRAL | The RSI value for CFBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests CFBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.73 | OVERBOUGHT | The high Stochastics value suggests CFBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for CFBK suggests some volalility. |
| Average Directional Index/ADX (14) | 48.82 | POSITIVE | The high ADX value value for CFBK suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.96 | 26.32 | 3.64 (12.15%) | 8.23% |
| An entry @29.96. This is a Buy Stop order right above the 10 day high. | An exit @26.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.64 points, which is 12.15%. | For a 1.00% total portfolio risk, you can invest 8.23% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.66
-0.67 (-2.28%)
CF BANKSHARES INC / CFBK FAQ
Can you provide the ChartMill technical rating for CF BANKSHARES INC?
ChartMill assigns a technical rating of 9 / 10 to CFBK.
What is the trend direction for CFBK stock?
The current trend direction for CF BANKSHARES INC (CFBK) is Bullish.
What is the RSI signal for CFBK stock?
CF BANKSHARES INC (CFBK) has an RSI value of 68.974. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CF BANKSHARES INC?
The buy/sell signal for CF BANKSHARES INC (CFBK) is buy as both the short term and long term trends are positive.
What is the support and resistance level for CFBK stock?
CF BANKSHARES INC (CFBK) has a support level at 25.72. Check the full technical report for our detailed analysis of CFBK support and resistance levels.