CANNAE HOLDINGS INC. - Daily - Technical analysis published on 01/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 38.42 USD
My targets
40.59 USD (+3.81%)
42.74 USD (+9.31%)
My analysis
The bullish trend is currently very strong on CANNAE HOLDINGS INC.. As long as the price remains above the support at 38.42 USD, you could try to benefit from the boom. The first bullish objective is located at 40.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 42.74 USD as an objective. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CANNAE HOLDINGS INC. price is 39.10 USD. On the day, this instrument lost +0.72% and was between 38.61 USD and 39.38 USD. This implies that the price is at +1.27% from its lowest and at -0.71% from its highest.38.61
39.38
39.10
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CANNAE HOLDINGS INC.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CANNAE HOLDINGS INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of CANNAE HOLDINGS INC. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 30.88 | 35.37 | 38.42 | 39.10 |
| Change (%) | -21.02% | -9.54% | -1.74% | - |
| Change | -8.22 | -3.73 | -0.68 | - |
| Level | Major | Minor | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.09 | 38.37 | 38.60 | 38.88 | 39.11 | 39.39 | 39.62 |
| Camarilla | 38.68 | 38.73 | 38.77 | 38.82 | 38.87 | 38.91 | 38.96 |
| Woodie | 38.06 | 38.36 | 38.57 | 38.87 | 39.08 | 39.38 | 39.59 |
| Fibonacci | 38.37 | 38.57 | 38.69 | 38.88 | 39.08 | 39.20 | 39.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.60 | 37.30 | 38.17 | 38.88 | 39.74 | 40.45 | 41.32 |
| Camarilla | 38.61 | 38.75 | 38.90 | 39.04 | 39.18 | 39.33 | 39.47 |
| Woodie | 36.68 | 37.34 | 38.25 | 38.92 | 39.83 | 40.49 | 41.40 |
| Fibonacci | 37.30 | 37.90 | 38.28 | 38.88 | 39.48 | 39.85 | 40.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.19 | 32.89 | 35.04 | 36.74 | 38.89 | 40.59 | 42.74 |
| Camarilla | 36.13 | 36.48 | 36.84 | 37.19 | 37.54 | 37.90 | 38.25 |
| Woodie | 31.42 | 33.00 | 35.27 | 36.85 | 39.12 | 40.70 | 42.97 |
| Fibonacci | 32.89 | 34.36 | 35.27 | 36.74 | 38.21 | 39.12 | 40.59 |
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): | 60.38 | |
| MACD (12,26,9): | 0.6900 | |
| Directional Movement: | 15.62 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 39.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.44 | |
| Elder Ray (13): | 0.35 | |
| Super Trend (3,10): | 36.56 | |
| Zig ZAG (10): | 39.10 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 78.00 | |
| TEMA (21): | 39.04 | |
| Williams %R (14): | -17.98 | |
| Chande Momentum Oscillator (20): | 0.59 | |
| Repulse (5,40,3): | 0.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 7.05 |
| MA7: | 38.92 | |
| MA20: | 38.27 | |
| MA50: | 37.07 | |
| MA100: | 32.56 | |
| MAexp7: | 38.89 | |
| MAexp20: | 38.33 | |
| MAexp50: | 36.50 | |
| MAexp100: | 33.91 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +2.17% | |
| Price / MA50: | +5.48% | |
| Price / MA100: | +20.09% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +2.01% | |
| Price / MAexp50: | +7.12% | |
| Price / MAexp100: | +15.31% |
News
Don"t forget to follow the news on CANNAE HOLDINGS INC.. At the time of publication of this analysis, the latest news was as follows:
- Cannae Holdings, Inc. Announces Upsizing and Pricing of Public Offering of Common Stock
- Cannae Holdings, Inc. Announces Public Offering of Common Stock
- Cannae Holdings, Inc. Announces Three Year, 5 Million Share Repurchase Program
- Cannae Holdings, Inc. Announces Pricing of Ceridian’s Secondary Public Offering
- Cannae Holdings, Inc. Announces Fourth Quarter and Full Year 2018 Earnings Release Date and Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
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