CINCINNATI FINANCIAL

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
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Type:	Stocks
Ticker:	CINF
ISIN:

CINCINNATI FINANCIAL - 1H - Technical analysis published on 02/22/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

39%

33%

My opinion

Bullish above 110.01 USD

My targets

111.95 USD (+0.70%)

112.95 USD (+1.60%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 110.01 USD remains possible. It is advisable to trade CINCINNATI FINANCIAL with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 110.01 USD. The next bullish objective for buyers is set at 111.95 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 112.95 USD. If there is any crossing, the next objective would be the resistance located at 113.83 USD. PS: if there is a bearish break in the support located at 110.01 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.9

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 111.17 USD. The price registered a decrease of -0.07% on the session and was between 110.87 USD and 111.72 USD. This implies that the price is at +0.27% from its lowest and at -0.49% from its highest.

110.87

111.72

111.17

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CINCINNATI FINANCIAL in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	106.40	108.56	110.01	111.17	111.26	111.95	112.95
Change (%)	-4.29%	-2.35%	-1.04%	-	+0.08%	+0.70%	+1.60%
Change	-4.77	-2.61	-1.16	-	+0.09	+0.78	+1.78
Level	Minor	Major	Minor	-	Intermediate	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.65	110.12	110.68	111.15	111.71	112.18	112.74
Camarilla	110.97	111.06	111.16	111.25	111.34	111.44	111.53
Woodie	109.71	110.14	110.74	111.17	111.77	112.20	112.80
Fibonacci	110.12	110.51	110.75	111.15	111.54	111.78	112.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.02	105.39	108.62	110.99	114.22	116.59	119.82
Camarilla	110.32	110.83	111.35	111.86	112.37	112.89	113.40
Woodie	103.46	105.61	109.06	111.21	114.66	116.81	120.26
Fibonacci	105.39	107.53	108.85	110.99	113.13	114.45	116.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.19	98.73	104.76	109.30	115.33	119.87	125.90
Camarilla	107.89	108.86	109.83	110.80	111.77	112.74	113.71
Woodie	94.95	99.10	105.52	109.67	116.09	120.24	126.66
Fibonacci	98.73	102.76	105.26	109.30	113.33	115.83	119.87

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.87
MACD (12,26,9):	-0.0200
Directional Movement:	-0.42
AROON (14):	-50.00
DEMA (21):	111.36
Parabolic SAR (0,02-0,02-0,2):	110.60
Elder Ray (13):	0.16
Super Trend (3,10):	110.77
Zig ZAG (10):	111.28
VORTEX (21):	0.8700
Stochastique (14,3,5):	50.95
TEMA (21):	111.04
Williams %R (14):	-72.27
Chande Momentum Oscillator (20):	-0.12
Repulse (5,40,3):	-0.1500
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	1.48

MA7:	111.14
MA20:	110.92
MA50:	107.81
MA100:	104.07
MAexp7:	111.19
MAexp20:	111.35
MAexp50:	111.08
MAexp100:	110.68
Price / MA7:	+0.03%
Price / MA20:	+0.23%
Price / MA50:	+3.12%
Price / MA100:	+6.82%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.16%
Price / MAexp50:	+0.08%
Price / MAexp100:	+0.44%

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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