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 03/01/2024 (GMT)

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

72%

22%

My opinion

Bullish above 108.60 USD

My targets

116.29 USD (+2.13%)

124.06 USD (+8.96%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CINCINNATI FINANCIAL as long as the price remains well above 108.60 USD. The buyers' bullish objective is set at 116.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 124.06 USD. If there is any crossing, the next objective would be the resistance located at 134.61 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 price is 113.86 USD. On the day, this instrument lost -0.12% with the lowest point at 113.13 USD and the highest point at 114.16 USD. The deviation from the price is +0.65% for the low point and -0.26% for the high point.

113.13

114.16

113.86

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

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 strongly bullish trend. 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

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:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	100.89	108.60	112.95	113.86	116.29	124.06	134.61
Change (%)	-11.39%	-4.62%	-0.80%	-	+2.13%	+8.96%	+18.22%
Change	-12.97	-5.26	-0.91	-	+2.43	+10.20	+20.75
Level	Minor	Major	Intermediate	-	Minor	Major	Intermediate

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	110.46	111.35	112.68	113.57	114.90	115.79	117.12
Camarilla	113.39	113.59	113.80	114.00	114.20	114.41	114.61
Woodie	110.67	111.46	112.89	113.68	115.11	115.90	117.33
Fibonacci	111.35	112.20	112.73	113.57	114.42	114.95	115.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	108.61	109.60	111.20	112.19	113.79	114.78	116.38
Camarilla	112.10	112.34	112.57	112.81	113.05	113.29	113.52
Woodie	108.93	109.75	111.52	112.34	114.11	114.93	116.70
Fibonacci	109.60	110.59	111.20	112.19	113.18	113.79	114.78

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	98.01	101.39	107.70	111.08	117.39	120.77	127.08
Camarilla	111.34	112.22	113.11	114.00	114.89	115.78	116.67
Woodie	99.47	102.12	109.16	111.81	118.85	121.50	128.54
Fibonacci	101.39	105.10	107.38	111.08	114.79	117.07	120.77

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):	62.02
MACD (12,26,9):	1.2400
Directional Movement:	3.37
AROON (14):	92.86
DEMA (21):	113.47
Parabolic SAR (0,02-0,02-0,2):	109.47
Elder Ray (13):	1.20
Super Trend (3,10):	108.26
Zig ZAG (10):	113.71
VORTEX (21):	1.0900
Stochastique (14,3,5):	92.65
TEMA (21):	113.47
Williams %R (14):	-9.82
Chande Momentum Oscillator (20):	4.32
Repulse (5,40,3):	1.5100
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	6.01

MA7:	113.15
MA20:	111.45
MA50:	109.02
MA100:	104.88
MAexp7:	113.16
MAexp20:	111.83
MAexp50:	109.37
MAexp100:	106.98
Price / MA7:	+0.63%
Price / MA20:	+2.16%
Price / MA50:	+4.44%
Price / MA100:	+8.56%
Price / MAexp7:	+0.62%
Price / MAexp20:	+1.82%
Price / MAexp50:	+4.11%
Price / MAexp100:	+6.43%

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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