The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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Cincinnati Financial (CINF) Technical Analysis

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Cincinnati Financial (CINF). During the week, the CINF gained 1.33 points, or 1.12%, and closed at 119.95 on Friday, April 19, 2024. Weekly volume was 13% 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 (101.86) 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 long-term trend.

Medium-term trend: [See CINF medium-term trend chart]
A medium-term uptrend had started on September 26, 2022 at 88.66 and reached 130.66 on February 9, 2023. CINF gained -42.00 points, or -47.37%, in 19 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (100.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. 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 October 27, 2023 at 96.86 and reached 124.35 on March 28, 2024. CINF gained -27.49 points, or -28.38%, in 153 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 110.52 and resistance is at 127.94. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending 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 main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since April 3, 2024.

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.

During the last week, the price has moved above 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) 43.55
Williams' Percentage Range (W%R) 66.60
Lane's Stochastic (%D-Slow) 22.25
Greed/Fear Indicator (GFI) 33.06
Moving Average Converg./Diverg. (MACD) 0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.82
Williams' Percentage Range (W%R) 25.10
Lane's Stochastic (%D-Slow) 78.96
Greed/Fear Indicator (GFI) 69.74
Moving Average Converg./Diverg. (MACD) 3.18
Trading Signals
Description Value Chart
Weekly Trendline Resistance 127.94
Upper Bollinger Band 123.31
Weekly Stochastic Crossing 121.44
20 Day Moving Average 119.99
Price 119.95
Daily Stochastic Crossing 116.80
50 Day Moving Average 116.60
Parabolic System 115.03
Lower Bollinger Band 114.32
Yearly Trendline Resistance 112.07
Weekly Trendline Support 110.52
Yearly Trendline Support 101.86
Quarterly Trendline Support 100.80
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Property & Casualty Insurance 103
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 124.35
High Date 03/28/2024
Low 115.15
Low Date 04/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 127.94
Support 110.52
Low 96.86
Low Date 10/27/2023
High 124.35
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 95.01
Low Date 06/28/2023
High 124.35
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 81.87
Support 100.80
Low 88.66
Low Date 09/26/2022
High 130.66
High Date 02/09/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 112.07
Support 101.86
High 143.22
High Date 04/21/2022
Low 88.66
Low Date 09/26/2022
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.