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Property & Casualty Insurance Industry Stocks Technical Analysis - CINFArchive - 3/15/2024 - Sign In to see current Signals. |
Cincinnati Financial (CINF) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the Cincinnati Financial (CINF). During the week, the CINF gained 2.61 points, or 2.23%, and closed at 119.90 on Friday, March 15, 2024. Weekly volume was 177% above average. CINF is a member of Financials Sector. Financials 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 downtrend had started on April 21, 2022 at 143.22 and reached 88.66 on September 26, 2022. CINF lost 54.56 points, or 38.10%, in 22 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (101.06) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CINF may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend. Medium-term trend: [See CINF medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 96.86 and reached 121.38 on March 15, 2024. CINF gained -24.52 points, or -25.31%, in 20 weeks. The price is now at the 6.04% retracement level. Weekly Technical Indicators: [See CINF weekly technical indicators chart] Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 March 5, 2024 at 111.50 and reached 121.38 on March 15, 2024. CINF gained -9.88 points, or -8.86%, in 10 days. The price is now at the 14.98% retracement level. Daily Technical Indicators: [See CINF daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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. The daily MACD line is above its signal line since March 5, 2024. This is an indication that the short-term trend is up.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Financials |
11 |
Industry |
Property & Casualty Insurance |
121 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
111.50 |
Low Date |
03/05/2024 |
High |
121.38 |
High Date |
03/15/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
104.78 |
Low Date |
02/07/2024 |
High |
121.38 |
High Date |
03/15/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
96.86 |
Low Date |
10/27/2023 |
High |
121.38 |
High Date |
03/15/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
95.01 |
Low Date |
06/28/2023 |
High |
121.38 |
High Date |
03/15/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Symmetric Triangle |
Status |
Broken Resistance |
Resistance |
113.56 |
Support |
101.06 |
High |
143.22 |
High Date |
04/21/2022 |
Low |
88.66 |
Low Date |
09/26/2022 |
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