CINCINNATI FINANCIAL

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CINF
ISIN:

CINCINNATI FINANCIAL - 1H - Technical analysis published on 01/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 104.65 USD

My targets

106.01 USD (+0.78%)

108.74 USD (+3.37%)

My analysis

The bullish trend is currently very strong on CINCINNATI FINANCIAL. As long as the price remains above the support at 104.65 USD, you could try to benefit from the boom. The first bullish objective is located at 106.01 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 108.74 USD as an objective. Crossing it would then enable buyers to target 110.00 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CINCINNATI FINANCIAL price is 105.19 USD. The price registered an increase of +1.67% on the session and was between 103.26 USD and 105.29 USD. This implies that the price is at +1.87% from its lowest and at -0.09% from its highest.

103.26

105.29

105.19

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CINCINNATI FINANCIAL:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CINCINNATI FINANCIAL in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	101.94	103.34	104.65	105.19	106.01	108.74	110.00
Change (%)	-3.09%	-1.76%	-0.51%	-	+0.78%	+3.37%	+4.57%
Change	-3.25	-1.85	-0.54	-	+0.82	+3.55	+4.81
Level	Minor	Intermediate	Major	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	102.28	102.60	103.03	103.35	103.78	104.10	104.53
Camarilla	103.25	103.32	103.39	103.46	103.53	103.60	103.67
Woodie	102.34	102.63	103.09	103.38	103.84	104.13	104.59
Fibonacci	102.60	102.89	103.06	103.35	103.64	103.81	104.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	99.75	100.58	102.02	102.85	104.29	105.12	106.56
Camarilla	102.84	103.04	103.25	103.46	103.67	103.88	104.08
Woodie	100.06	100.73	102.33	103.00	104.60	105.27	106.87
Fibonacci	100.58	101.45	101.98	102.85	103.72	104.25	105.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.81	97.56	100.51	103.26	106.21	108.96	111.91
Camarilla	101.89	102.42	102.94	103.46	103.98	104.51	105.03
Woodie	94.91	97.61	100.61	103.31	106.31	109.01	112.01
Fibonacci	97.56	99.74	101.08	103.26	105.44	106.78	108.96

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	72.45
MACD (12,26,9):	0.6100
Directional Movement:	28.39
AROON (14):	57.15
DEMA (21):	104.60
Parabolic SAR (0,02-0,02-0,2):	103.66
Elder Ray (13):	0.93
Super Trend (3,10):	103.78
Zig ZAG (10):	105.09
VORTEX (21):	1.2600
Stochastique (14,3,5):	93.80
TEMA (21):	104.94
Williams %R (14):	-7.90
Chande Momentum Oscillator (20):	1.92
Repulse (5,40,3):	0.6200
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	2.58

MA7:	102.99
MA20:	102.72
MA50:	100.96
MA100:	102.22
MAexp7:	104.61
MAexp20:	103.87
MAexp50:	103.18
MAexp100:	102.77
Price / MA7:	+2.14%
Price / MA20:	+2.40%
Price / MA50:	+4.19%
Price / MA100:	+2.91%
Price / MAexp7:	+0.55%
Price / MAexp20:	+1.27%
Price / MAexp50:	+1.95%
Price / MAexp100:	+2.35%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on CINCINNATI FINANCIAL at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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