The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 2
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Cincinnati Financial
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergencePrice is near the trend high
Daily :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are strongly overboughtThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was a fourth positive week after 3 consecutive negative weeks for the Cincinnati Financial (CINF). During the week, the CINF gained 3.27 points, or 4.19%, and closed at 81.32 on Friday, November 09, 2018. Weekly volume was 7% above average.

Long-term trend: [See CINF long-term trend chart]
A long-term downtrend had started on August 3, 2017 at 81.98 and reached 66.33 on June 27, 2018. CINF lost 15.65 points, or 19.09%, in 46 weeks. Price is near the highest trend level.

Medium-term trend: [See CINF medium-term trend chart]
A medium-term uptrend had started on June 27, 2018 at 66.33 and reached 81.92 on November 9, 2018. CINF gained -15.59 points, or -23.50%, in 19 weeks. Price is near the trend high.

Weekly Technical Indicators: [See CINF weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 20, 2018. This is an indication that the medium-term trend is up. 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 25, 2018 at 71.01 and reached 81.92 on November 9, 2018. CINF gained -10.91 points, or -15.36%, in 15 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (146.35) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See CINF daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since October 26, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands (14.81%) is close to one year high (12.24%). It is 111.47% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.81
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 96.12
Strong Overbought
Greed/Fear Indicator (GFI) 87.08
Overbought
Moving Average Converg./Diverg. (MACD) 0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.45
Bearish
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 58.03
Bearish
Greed/Fear Indicator (GFI) 70.37
Moving Average Converg./Diverg. (MACD) 0.89 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 83.89
Daily Stochastic Crossing 81.77
Price 81.32
Weekly Stochastic Crossing 77.85
50 Day Moving Average 76.82
20 Day Moving Average 76.80
Parabolic System 76.74
Lower Bollinger Band 71.85
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Prprty/Casualty Insurance 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.42
Low Date 11/02/2018
High 81.92
High Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 164.45
Support 146.35
Low 71.01
Low Date 10/25/2018
High 81.92
High Date 11/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.33
Low Date 06/27/2018
High 81.92
High Date 11/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.98
High Date 08/03/2017
Low 66.33
Low Date 06/27/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.06
Low Date 10/10/2008
High 81.98
High Date 08/03/2017
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.

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