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Weekly Pattern:Falling Channel
Number of records: 5
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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
Archive
- 12/1/2017
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Cincinnati Financial
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Summary:
Weekly :Overbought sectorBroken trend support lineTrend support at 73.76
Daily :Williams' Percentage Range is overboughtLane's Stochastic bearish divergencePrice is close to the 50 Day Moving AverageThe price has risen above the Parabolic SARTrend resistance at 74.85The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Cincinnati Financial (CINF). During the week, the CINF gained 2.01 points, or 2.77%, and closed at 74.52 on Friday, December 01, 2017. It was the best weekly gain since August 4, 2017. CINF was trading at average weekly trading volume.

CINF is a member of Financial Sector. Financial 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 81.98 on August 3, 2017. CINF gained -64.92 points, or -380.54%, in 459 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (73.76) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See CINF medium-term trend chart]
A medium-term uptrend had started on August 9, 2011 at 23.65 and reached 81.98 on August 3, 2017. CINF gained -58.33 points, or -246.64%, in 312 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (77.10) 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 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 October 20, 2017. 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 August 3, 2017 at 81.98 and reached 70.07 on October 31, 2017. CINF lost 11.91 points, or 14.53%, in 89 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (74.85). 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 short-term trend.

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

The daily MACD line is above its signal line since November 9, 2017.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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.

Price is close to the 50 Day Moving Average. While 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) 60.61
Williams' Percentage Range (W%R) 12.70
Overbought
Lane's Stochastic (%D-Slow) 73.09
Bearish
Greed/Fear Indicator (GFI) 73.66
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.05
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 37.86
Greed/Fear Indicator (GFI) 43.53
Moving Average Converg./Diverg. (MACD) 0.52
Trading Signals
Description Value Chart
Yearly Trendline Resistance 87.63
Monthly Trendline Resistance 87.18
Quarterly Trendline Resistance 86.08
Quarterly Trendline Support 77.10
Upper Bollinger Band 75.22
Weekly Trendline Resistance 74.85
Daily Stochastic Crossing 74.82
50 Day Moving Average 74.77
Price 74.52
Yearly Trendline Support 73.76
20 Day Moving Average 73.51
Weekly Stochastic Crossing 73.50
Parabolic System 72.92
Lower Bollinger Band 72.46
Monthly Trendline Support 68.99
Weekly Trendline Support 67.52
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Prprty/Casualty Insurance 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.07
Low Date 10/31/2017
High 75.47
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 74.85
Support 67.52
High 81.98
High Date 08/03/2017
Low 70.07
Low Date 10/31/2017
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 87.18
Support 68.99
Low 68.24
Low Date 02/09/2017
High 81.98
High Date 08/03/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 86.08
Support 77.10
Low 23.65
Low Date 08/09/2011
High 81.98
High Date 08/03/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 87.63
Support 73.76
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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