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 10/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

39%

My opinion

Bearish under 105.42 USD

My targets

94.96 USD (-5.26%)

87.10 USD (-13.10%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CINCINNATI FINANCIAL as long as the price remains well below 105.42 USD. The next bearish objective for sellers is set at 94.96 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 87.10 USD. If there is any crossing, the next objective would be the support located at 76.78 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.5

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 rating is 100.23 USD. The price has increased by +2.72% since the last closing and was between 97.72 USD and 100.87 USD. This implies that the price is at +2.57% from its lowest and at -0.63% from its highest.

97.72

100.87

100.23

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CINCINNATI FINANCIAL chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	87.10	94.96	99.04	100.23	105.42	109.55	117.15
Change (%)	-13.10%	-5.26%	-1.19%	-	+5.18%	+9.30%	+16.88%
Change	-13.13	-5.27	-1.19	-	+5.19	+9.32	+16.92
Level	Major	Major	Minor	-	Major	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	90.09	93.47	95.53	98.91	100.97	104.35	106.41
Camarilla	96.08	96.58	97.08	97.58	98.08	98.58	99.08
Woodie	89.42	93.14	94.86	98.58	100.30	104.02	105.74
Fibonacci	93.47	95.55	96.84	98.91	100.99	102.28	104.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	90.09	93.47	95.53	98.91	100.97	104.35	106.41
Camarilla	96.08	96.58	97.08	97.58	98.08	98.58	99.08
Woodie	89.42	93.14	94.86	98.58	100.30	104.02	105.74
Fibonacci	93.47	95.55	96.84	98.91	100.99	102.28	104.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	90.68	96.32	99.30	104.94	107.92	113.56	116.54
Camarilla	99.92	100.71	101.50	102.29	103.08	103.87	104.66
Woodie	89.36	95.66	97.98	104.28	106.60	112.90	115.22
Fibonacci	96.32	99.61	101.64	104.94	108.23	110.26	113.56

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):	47.67
MACD (12,26,9):	-1.2800
Directional Movement:	2.14
AROON (14):	-57.15
DEMA (21):	99.25
Parabolic SAR (0,02-0,02-0,2):	103.21
Elder Ray (13):	-0.91
Super Trend (3,10):	103.83
Zig ZAG (10):	100.57
VORTEX (21):	0.8700
Stochastique (14,3,5):	28.39
TEMA (21):	98.61
Williams %R (14):	-53.20
Chande Momentum Oscillator (20):	-0.76
Repulse (5,40,3):	1.0100
ROCnROLL:	-1
TRIX (15,9):	-0.1700
Courbe Coppock:	3.90

MA7:	98.97
MA20:	100.74
MA50:	103.35
MA100:	102.34
MAexp7:	99.54
MAexp20:	100.89
MAexp50:	102.37
MAexp100:	102.91
Price / MA7:	+1.27%
Price / MA20:	-0.51%
Price / MA50:	-3.02%
Price / MA100:	-2.06%
Price / MAexp7:	+0.69%
Price / MAexp20:	-0.65%
Price / MAexp50:	-2.09%
Price / MAexp100:	-2.60%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on CINCINNATI FINANCIAL at the time of the generation of this analysis was as follows:

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

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