The Greedy Trader Weekly Analysis
Sign In May 24, 2024
Skip Navigation Links
Share
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Archive
- 5/17/2024 -
Sign In to see current Signals.

Cincinnati Financial (CINF) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaLane's Stochastic bearish divergence
Move cursor over the icon to see details.

It was a third consecutive positive week for the Cincinnati Financial (CINF). During the week, the CINF climbed 1.19 points, or 1.00%, and closed at 120.06 on Friday, May 17, 2024. Weekly volume was -43% 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 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 (102.54) 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 (101.41) 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 MACD line has moved below its signal line. Such crossover is considered a bearish 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 October 27, 2023 at 96.86 and reached 124.35 on March 28, 2024. CINF gained -27.49 points, or -28.38%, in 153 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 111.76 and resistance is at 132.72. 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 short-term trend.

Daily Technical Indicators: [See CINF daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 daily MACD line is above its signal line since May 8, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.44
Williams' Percentage Range (W%R) 22.30
Lane's Stochastic (%D-Slow) 70.72
Bearish
Greed/Fear Indicator (GFI) 74.96
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.31
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 53.51
Greed/Fear Indicator (GFI) 62.21
Moving Average Converg./Diverg. (MACD) 3.47
Trading Signals
Description Value Chart
Weekly Trendline Resistance 132.72
Monthly Trendline Resistance 126.98
Upper Bollinger Band 122.61
Price 120.06
Daily Stochastic Crossing 119.22
50 Day Moving Average 118.75
20 Day Moving Average 117.61
Weekly Stochastic Crossing 117.57
Parabolic System 114.59
Lower Bollinger Band 113.41
Weekly Trendline Support 111.76
Yearly Trendline Resistance 110.83
Yearly Trendline Support 102.54
Quarterly Trendline Support 101.41
Monthly Trendline Support 99.89
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Property & Casualty Insurance 91
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 124.35
High Date 03/28/2024
Low 109.93
Low Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 132.72
Support 111.76
Low 96.86
Low Date 10/27/2023
High 124.35
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 126.98
Support 99.89
Low 95.01
Low Date 06/28/2023
High 124.35
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 78.60
Support 101.41
Low 88.66
Low Date 09/26/2022
High 130.66
High Date 02/09/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 110.83
Support 102.54
High 143.22
High Date 04/21/2022
Low 88.66
Low Date 09/26/2022
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.