The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 8
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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 support lineBroken trend support line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Cincinnati Financial (CINF). During the week, the CINF gained 1.87 points, or 2.67%, and closed at 71.88 on Friday, May 11, 2018. It was the best weekly gain since March 29, 2018. CINF was trading at average weekly trading volume.

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 (75.39) 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 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 (78.74) 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 March 16, 2018. 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 February 27, 2018 at 77.80 and reached 68.33 on May 3, 2018. CINF lost 9.47 points, or 12.17%, in 65 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 68.00 and resistance is at 75.35. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CINF daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

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

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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.61
Williams' Percentage Range (W%R) 52.90
Lane's Stochastic (%D-Slow) 62.42
Greed/Fear Indicator (GFI) 47.36
Moving Average Converg./Diverg. (MACD) -0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.19
Williams' Percentage Range (W%R) 63.00
Lane's Stochastic (%D-Slow) 36.65
Greed/Fear Indicator (GFI) 39.91
Moving Average Converg./Diverg. (MACD) -0.16
Trading Signals
Description Value Chart
Quarterly Trendline Support 78.74
Upper Bollinger Band 76.34
Yearly Trendline Support 75.39
Weekly Trendline Resistance 75.35
50 Day Moving Average 73.52
20 Day Moving Average 72.40
Price 71.88
Daily Stochastic Crossing 71.22
Weekly Stochastic Crossing 71.00
Parabolic System 68.42
Weekly Trendline Support 68.00
Lower Bollinger Band 67.55
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Prprty/Casualty Insurance 111
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 75.96
High Date 04/24/2018
Low 68.33
Low Date 05/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 75.35
Support 68.00
High 77.80
High Date 02/27/2018
Low 68.33
Low Date 05/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.98
High Date 08/03/2017
Low 68.33
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 89.42
Support 78.74
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 90.50
Support 75.39
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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