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|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.