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Advanced TA SearchArchive - 6/7/2024 - Sign In to see current Signals. |
Cincinnati Financial (CINF) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Cincinnati Financial (CINF). During the week, the CINF dropped -1.61 points, or -1.37%, and closed at 115.97 on Friday, June 7, 2024. Weekly volume was -37% below average. CINF is a member of Financials Sector. Financials 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 downtrend had started on April 21, 2022 at 143.22 and reached 88.66 on September 26, 2022. CINF lost 54.56 points, or 38.10%, in 22 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (103.01) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See CINF medium-term trend chart] A medium-term uptrend had started on September 26, 2022 at 88.66 and reached 130.66 on February 9, 2023. CINF gained -42.00 points, or -47.37%, in 19 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (101.84) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See CINF weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since May 10, 2024. Use the following link to access a MACD help. Short-term trend: [See CINF short-term trend chart] A short-term downtrend had started on March 28, 2024 at 124.35 and reached 109.93 on April 26, 2024. CINF lost 14.42 points, or 11.60%, in 29 days. The price is now at the 41.89% retracement level. Daily Technical Indicators: [See CINF daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since May 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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