The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 4
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 :Broken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the Cincinnati Financial (CINF). During the week, the CINF dropped -1.15 points, or -1.52%, and closed at 74.39 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -23% below 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. The price is now at the 51.50% retracement level.

Medium-term trend: [See CINF medium-term trend chart]
A medium-term downtrend had started on February 27, 2018 at 77.80 and reached 66.33 on June 27, 2018. CINF lost 11.47 points, or 14.74%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (63.85) 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 medium-term trend.

Weekly Technical Indicators: [See CINF weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 20, 2018. 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 June 27, 2018 at 66.33 and reached 77.01 on July 27, 2018. CINF gained -10.68 points, or -16.10%, in 30 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CINF daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 5, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.55
Williams' Percentage Range (W%R) 35.20
Lane's Stochastic (%D-Slow) 50.22
Greed/Fear Indicator (GFI) 62.52
Moving Average Converg./Diverg. (MACD) 1.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.58
Williams' Percentage Range (W%R) 24.20
Lane's Stochastic (%D-Slow) 77.05
Greed/Fear Indicator (GFI) 69.62
Moving Average Converg./Diverg. (MACD) -1.01
Trading Signals
Description Value Chart
Upper Bollinger Band 77.71
Parabolic System 77.09
Weekly Stochastic Crossing 75.09
Daily Stochastic Crossing 74.87
Price 74.39
20 Day Moving Average 73.28
Monthly Trendline Resistance 72.37
50 Day Moving Average 70.67
Lower Bollinger Band 69.05
Monthly Trendline Support 63.85
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Prprty/Casualty Insurance 87
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 77.01
High Date 07/27/2018
Low 73.89
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.33
Low Date 06/27/2018
High 77.01
High Date 07/27/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 72.37
Support 63.85
High 77.80
High Date 02/27/2018
Low 66.33
Low Date 06/27/2018
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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