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S&P 500 Overbought StocksArchive
- 12/20/2024 -
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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 -7.60 points, or -4.99%, and closed at 144.60 on Friday, December 20, 2024. Weekly volume was 77% 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 57.58 and resistance is at 168.62. 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 (121.33) 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic 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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 141.30 on December 20, 2024. CINF lost 20.45 points, or 12.64%, in 23 days. The price is now at the 16.14% retracement level.
 Daily Technical Indicators: [See CINF daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since December 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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.
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