The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/2/2025 -
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Cincinnati Financial (CINF) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 142.53
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the Cincinnati Financial (CINF). During the week, the CINF gained 9.88 points, or 7.39%, and closed at 143.58 on Friday, May 2, 2025. It was the best weekly gain since February 28, 2025. Weekly volume was 37% above 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 58.47 and resistance is at 172.06. 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 downtrend had started on November 27, 2024 at 161.75 and reached 123.00 on April 9, 2025. CINF lost 38.75 points, or 23.96%, in 19 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (142.53). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 December 20, 2024. This is an indication that the medium-term trend is down. 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 3, 2025 at 150.40 and reached 123.00 on April 9, 2025. CINF lost 27.40 points, or 18.22%, in 37 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See CINF daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since April 23, 2025.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 71.85
Williams' Percentage Range (W%R) 14.80
Overbought
Lane's Stochastic (%D-Slow) 80.79
Overbought
Greed/Fear Indicator (GFI) 79.28
Moving Average Converg./Diverg. (MACD) -1.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.74
Williams' Percentage Range (W%R) 48.00
Lane's Stochastic (%D-Slow) 46.13
Greed/Fear Indicator (GFI) 50.30
Moving Average Converg./Diverg. (MACD) 1.40
Trading Signals
Description Value Chart
Yearly Trendline Resistance 172.06
Upper Bollinger Band 145.63
Price 143.58
Weekly Trendline Resistance 142.53
Daily Stochastic Crossing 141.74
50 Day Moving Average 139.85
20 Day Moving Average 133.79
Weekly Stochastic Crossing 132.84
Lower Bollinger Band 128.61
Parabolic System 128.44
Weekly Trendline Support 121.01
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Property & Casualty Insurance 106
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 150.40
High Date 03/03/2025
Low 123.00
Low Date 04/09/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 142.53
Support 121.01
High 161.75
High Date 11/27/2024
Low 123.00
Low Date 04/09/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 95.01
Low Date 06/28/2023
High 161.75
High Date 11/27/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.66
Low Date 09/26/2022
High 161.75
High Date 11/27/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 172.06
Support 58.47
Low 17.06
Low Date 10/10/2008
High 161.75
High Date 11/27/2024
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.