CINCINNATI FINANCIAL

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CINF
ISIN:

CINCINNATI FINANCIAL - Daily - Technical analysis published on 01/17/2024 (GMT)

1958
0

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 104.65 USD

My targets

110.00 USD (+1.58%)

116.29 USD (+7.39%)

My analysis

CINCINNATI FINANCIAL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 104.65 USD. The next resistance located at 110.00 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 116.29 USD. After this resistance, buyers could then target 124.06 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

CINCINNATI FINANCIAL rating 108.29 USD. The price has increased by +0.93% since the last closing and was traded between 107.05 USD and 108.57 USD over the period. The price is currently at +1.16% from its lowest and -0.26% from its highest.

107.05

108.57

108.29

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CINCINNATI FINANCIAL indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	100.91	104.65	108.16	108.29	110.00	116.29	124.06
Change (%)	-6.82%	-3.36%	-0.12%	-	+1.58%	+7.39%	+14.56%
Change	-7.38	-3.64	-0.13	-	+1.71	+8.00	+15.77
Level	Major	Major	Major	-	Minor	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.04	105.82	106.56	107.34	108.08	108.86	109.60
Camarilla	106.87	107.01	107.15	107.29	107.43	107.57	107.71
Woodie	105.01	105.81	106.53	107.33	108.05	108.85	109.57
Fibonacci	105.82	106.40	106.76	107.34	107.92	108.28	108.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.31	103.29	105.33	107.31	109.35	111.33	113.37
Camarilla	106.27	106.63	107.00	107.37	107.74	108.11	108.48
Woodie	101.34	103.31	105.36	107.33	109.38	111.35	113.40
Fibonacci	103.29	104.83	105.77	107.31	108.85	109.79	111.33

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.67
MACD (12,26,9):	1.5800
Directional Movement:	15.41
AROON (14):	85.71
DEMA (21):	107.60
Parabolic SAR (0,02-0,02-0,2):	104.88
Elder Ray (13):	1.19
Super Trend (3,10):	102.89
Zig ZAG (10):	108.23
VORTEX (21):	1.0600
Stochastique (14,3,5):	79.32
TEMA (21):	108.41
Williams %R (14):	-14.02
Chande Momentum Oscillator (20):	4.85
Repulse (5,40,3):	1.2800
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	10.00

MA7:	107.53
MA20:	104.93
MA50:	102.67
MA100:	102.55
MAexp7:	107.39
MAexp20:	105.62
MAexp50:	103.71
MAexp100:	103.04
Price / MA7:	+0.71%
Price / MA20:	+3.20%
Price / MA50:	+5.47%
Price / MA100:	+5.60%
Price / MAexp7:	+0.84%
Price / MAexp20:	+2.53%
Price / MAexp50:	+4.42%
Price / MAexp100:	+5.10%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on CINCINNATI FINANCIAL. At the time of publication of this analysis, the latest news was as follows:

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

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