The Greedy Trader Weekly Analysis
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Number of records: 2
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Cincinnati Financial
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtWeekly  MACD line has moved above its signal line
Daily :Lane's Stochastic is overboughtMACD bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Cincinnati Financial (CINF). During the week, the CINF gained 2.46 points, or 3.02%, and closed at 84.02 on Friday, February 8, 2019. Weekly volume was 72% above average.

CINF is a member of Financial Sector. Financial is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CINF long-term trend chart]
A long-term uptrend had started on June 27, 2018 at 66.33 and reached 85.91 on February 7, 2019. CINF gained -19.58 points, or -29.52%, in 32 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 73.06 and resistance is at 87.05. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CINF medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 71.21 and reached 85.91 on February 7, 2019. CINF gained -14.70 points, or -20.64%, in 6 weeks. The price is now at the 12.86% retracement level.

Weekly Technical Indicators: [See CINF weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See CINF short-term trend chart]
A short-term uptrend had started on January 3, 2019 at 74.26 and reached 85.91 on February 7, 2019. CINF gained -11.65 points, or -15.69%, in 35 days. The price is now at the 16.22% retracement level.

Daily Technical Indicators: [See CINF daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since January 8, 2019. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.97
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 87.04
Overbought
Greed/Fear Indicator (GFI) 78.26
Moving Average Converg./Diverg. (MACD) 1.06 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.21
Williams' Percentage Range (W%R) 14.00
Overbought
Lane's Stochastic (%D-Slow) 62.03
Greed/Fear Indicator (GFI) 66.94
Moving Average Converg./Diverg. (MACD) 1.19
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 87.05
Daily Stochastic Crossing 84.75
Upper Bollinger Band 84.64
Price 84.02
Weekly Stochastic Crossing 81.22
20 Day Moving Average 80.14
50 Day Moving Average 78.80
Parabolic System 78.67
Lower Bollinger Band 76.40
Quarterly Trendline Support 73.06
Sector and Industry
Description Name Rank
Sector Financial 8
Industry Prprty/Casualty Insurance 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 78.14
Low Date 01/28/2019
High 85.91
High Date 02/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.26
Low Date 01/03/2019
High 85.91
High Date 02/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.21
Low Date 12/26/2018
High 85.91
High Date 02/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 87.05
Support 73.06
Low 66.33
Low Date 06/27/2018
High 85.91
High Date 02/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.06
Low Date 10/10/2008
High 85.91
High Date 02/07/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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