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Archive
- 12/13/2024 -
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Cincinnati Financial (CINF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Cincinnati Financial (CINF). During the week, the CINF dropped -3.83 points, or -2.45%, and closed at 152.20 on Friday, December 13, 2024. Weekly volume was -31% below average.
CINF is a member of Financials Sector. Financials is the 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 October 10, 2008 at 17.06 and reached 161.75 on November 27, 2024. CINF gained -144.69 points, or -848.12%, in 841 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 57.53 and resistance is at 168.43. 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 June 28, 2023 at 95.01 and reached 161.75 on November 27, 2024. CINF gained -66.74 points, or -70.25%, in 74 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (120.96) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 12, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 November 27, 2024 at 161.75 and reached 149.00 on December 11, 2024. CINF lost 12.75 points, or 7.88%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 December 3, 2024. This is an indication that the short-term trend is down.
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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