CINCINNATI FINANCIAL - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 113.06 USD
My targets
108.52 USD (-0.07%)
103.80 USD (-4.42%)
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 113.06 USD. The sellers” bearish objective is set at 108.52 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.80 USD. In case of crossing, the next objective would be the support located at 96.17 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
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 CINCINNATI FINANCIAL price is 108.60 USD. On the day, this instrument gained +0.03% with the lowest point at 107.70 USD and the highest point at 108.97 USD. The deviation from the price is +0.84% for the low point and -0.34% for the high point.107.70
108.97
108.60
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of CINCINNATI FINANCIAL indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 96.17 | 103.80 | 108.52 | 108.60 | 113.06 | 117.41 |
| Change (%) | -11.45% | -4.42% | -0.07% | - | +4.11% | +8.11% |
| Change | -12.43 | -4.80 | -0.08 | - | +4.46 | +8.81 |
| Level | Minor | Major | Major | - | Major | Major |
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 | 106.46 | 107.38 | 107.98 | 108.90 | 109.50 | 110.42 | 111.02 |
| Camarilla | 108.15 | 108.29 | 108.43 | 108.57 | 108.71 | 108.85 | 108.99 |
| Woodie | 106.29 | 107.30 | 107.81 | 108.82 | 109.33 | 110.34 | 110.85 |
| Fibonacci | 107.38 | 107.96 | 108.32 | 108.90 | 109.48 | 109.84 | 110.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.93 | 105.07 | 106.88 | 110.03 | 111.84 | 114.99 | 116.80 |
| Camarilla | 107.34 | 107.79 | 108.25 | 108.70 | 109.16 | 109.61 | 110.06 |
| Woodie | 101.26 | 104.74 | 106.22 | 109.70 | 111.18 | 114.65 | 116.14 |
| Fibonacci | 105.07 | 106.96 | 108.13 | 110.03 | 111.92 | 113.09 | 114.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.67 | 105.17 | 109.19 | 113.69 | 117.71 | 122.21 | 126.23 |
| Camarilla | 110.87 | 111.65 | 112.43 | 113.21 | 113.99 | 114.77 | 115.55 |
| Woodie | 100.43 | 105.05 | 108.95 | 113.57 | 117.47 | 122.09 | 125.99 |
| Fibonacci | 105.17 | 108.43 | 110.44 | 113.69 | 116.95 | 118.96 | 122.21 |
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): | 36.59 | |
| MACD (12,26,9): | -1.4700 | |
| Directional Movement: | -8.68 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 109.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.70 | |
| Elder Ray (13): | -2.03 | |
| Super Trend (3,10): | 114.25 | |
| Zig ZAG (10): | 108.62 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 7.37 | |
| TEMA (21): | 108.18 | |
| Williams %R (14): | -91.08 | |
| Chande Momentum Oscillator (20): | -2.10 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 8.17 |
| MA7: | 109.28 | |
| MA20: | 111.83 | |
| MA50: | 113.48 | |
| MA100: | 110.70 | |
| MAexp7: | 109.38 | |
| MAexp20: | 111.22 | |
| MAexp50: | 111.93 | |
| MAexp100: | 109.29 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -2.89% | |
| Price / MA50: | -4.30% | |
| Price / MA100: | -1.90% | |
| Price / MAexp7: | -0.71% | |
| Price / MAexp20: | -2.36% | |
| Price / MAexp50: | -2.98% | |
| Price / MAexp100: | -0.63% |
News
The latest news and videos published on CINCINNATI FINANCIAL at the time of the analysis were as follows:
- Cincinnati Financial Reports Third-Quarter 2019 Results
- Cincinnati Financial Schedules Webcast to Discuss Third-Quarter 2019 Results
- Cincinnati Financial Corporation Expands Board with Appointment of Independent Director
- Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend
- Cincinnati Financial Reports Second-Quarter 2019 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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