The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 7
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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 :Weekly  MACD line has moved below its signal lineOversold sectorWilliams' Percentage Range is oversoldBroken trend support lineBroken trend support line
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Cincinnati Financial (CINF). During the week, the CINF dropped -4.24 points, or -5.55%, and closed at 72.14 on Friday, February 09, 2018. Weekly volume was 124% above average.

CINF is a member of Financial Sector. Financial is the second most oversold 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 uptrend support line (75.24) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CINF may retest the broken support line. It is considered to be a resistance line now. 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 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 (78.67) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CINF may retest the broken support line. It is considered to be a resistance line now. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

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 downtrend had started on January 24, 2018 at 78.04 and reached 69.86 on February 9, 2018. CINF lost 8.18 points, or 10.48%, in 16 days. The price is now at the 27.87% retracement level.

Daily Technical Indicators: [See CINF daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has declined below 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.

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.

Candlestick pattern: [See CINF candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.48
Williams' Percentage Range (W%R) 84.70
Oversold
Lane's Stochastic (%D-Slow) 21.49
Greed/Fear Indicator (GFI) 23.75
Moving Average Converg./Diverg. (MACD) 0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.59
Williams' Percentage Range (W%R) 84.70
Oversold
Lane's Stochastic (%D-Slow) 57.38
Greed/Fear Indicator (GFI) 40.35
Moving Average Converg./Diverg. (MACD) 0.11 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Support 78.67
Upper Bollinger Band 78.40
Parabolic System 75.41
Yearly Trendline Support 75.24
20 Day Moving Average 75.14
Weekly Stochastic Crossing 75.04
50 Day Moving Average 74.46
Price 72.14
Daily Stochastic Crossing 71.84
Lower Bollinger Band 70.36
Sector and Industry
Description Name Rank
Sector Financial 2
Industry Prprty/Casualty Insurance 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.04
High Date 01/24/2018
Low 69.86
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.98
High Date 08/03/2017
Low 69.86
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 87.65
Support 78.67
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 Broken Support
Resistance 89.11
Support 75.24
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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