CINCINNATI FINANCIAL - 1H - Technical analysis published on 08/28/2024 (GMT)
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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
61%
11%
28%
My opinion
Bullish above 132.75 USD
My targets
134.23 USD (+0.51%)
My analysis
The bullish trend is currently very strong on CINCINNATI FINANCIAL. As long as the price remains above the support at 132.75 USD, you could try to benefit from the boom. The first bullish objective is located at 134.23 USD. The bullish momentum would be boosted by a break in this resistance. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 133.55 USD. The price is lower by -0.04% since the last closing with the lowest point at 132.83 USD and the highest point at 134.73 USD. The deviation from the price is +0.54% for the low point and -0.88% for the high point.132.83
134.73
133.55
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CINCINNATI FINANCIAL:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CINCINNATI FINANCIAL indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 122.54 | 126.58 | 132.75 | 133.55 | 134.23 |
| Change (%) | -8.24% | -5.22% | -0.60% | - | +0.51% |
| Change | -11.01 | -6.97 | -0.80 | - | +0.68 |
| Level | Major | Intermediate | Major | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 131.77 | 132.18 | 132.89 | 133.30 | 134.01 | 134.42 | 135.13 |
| Camarilla | 133.29 | 133.40 | 133.50 | 133.60 | 133.70 | 133.81 | 133.91 |
| Woodie | 131.92 | 132.26 | 133.04 | 133.38 | 134.16 | 134.50 | 135.28 |
| Fibonacci | 132.18 | 132.61 | 132.87 | 133.30 | 133.73 | 133.99 | 134.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.10 | 129.16 | 130.99 | 132.05 | 133.88 | 134.94 | 136.77 |
| Camarilla | 132.02 | 132.28 | 132.55 | 132.81 | 133.08 | 133.34 | 133.61 |
| Woodie | 128.48 | 129.35 | 131.37 | 132.24 | 134.26 | 135.13 | 137.15 |
| Fibonacci | 129.16 | 130.27 | 130.95 | 132.05 | 133.16 | 133.84 | 134.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.56 | 109.15 | 119.89 | 125.48 | 136.22 | 141.81 | 152.55 |
| Camarilla | 126.13 | 127.63 | 129.12 | 130.62 | 132.12 | 133.61 | 135.11 |
| Woodie | 106.13 | 110.44 | 122.46 | 126.77 | 138.79 | 143.10 | 155.12 |
| Fibonacci | 109.15 | 115.39 | 119.25 | 125.48 | 131.72 | 135.58 | 141.81 |
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): | 60.64 | |
| MACD (12,26,9): | 0.4800 | |
| Directional Movement: | 16.21 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 133.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.80 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 132.24 | |
| Zig ZAG (10): | 133.68 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 55.07 | |
| TEMA (21): | 133.89 | |
| Williams %R (14): | -47.17 | |
| Chande Momentum Oscillator (20): | 1.09 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.10 |
| MA7: | 132.33 | |
| MA20: | 129.94 | |
| MA50: | 124.16 | |
| MA100: | 120.19 | |
| MAexp7: | 133.65 | |
| MAexp20: | 133.21 | |
| MAexp50: | 132.26 | |
| MAexp100: | 130.89 | |
| Price / MA7: | +0.92% | |
| Price / MA20: | +2.78% | |
| Price / MA50: | +7.56% | |
| Price / MA100: | +11.12% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.98% | |
| Price / MAexp100: | +2.03% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on CINCINNATI FINANCIAL at the time of the analysis were as follows:
- Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend
- Cincinnati Financial Reports Second-Quarter 2024 Results
- Cincinnati Financial Schedules Webcast to Discuss Second-Quarter 2024 Results
- Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend
- Cincinnati Financial Corporation Holds Shareholders' and Directors' Meetings
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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