CNB FINANCIAL CORP/PA (CCNE) Technical Analysis
NASDAQ:CCNE • US1261281075
Current stock price
CCNE Technical Rating and Analysis
Taking everything into account, CCNE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCNE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CCNE is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, CCNE also shows a nice and consistent pattern of rising prices.
- CCNE is part of the Banks industry. There are 376 other stocks in this industry. CCNE outperforms 82% of them.
- CCNE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CCNE is lagging the market slightly.
- In the last month CCNE has a been trading in the 28.23 - 31.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CCNE Weekly and Daily overview Charts
CCNE Setup Rating and Analysis
CCNE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for CCNE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
CCNE Support and Resistance Analysis
25.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 28.26 to 28.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.85 to 27.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.97 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 30.21 to 30.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.31 to 31.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
CCNE Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CCNE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCNE is up. |
| ChartMill Relative Strength | 79.69 | POSITIVE | CCNE has a high relative strength, it outperformed 79.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CCNE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.44 | NEUTRAL | The RSI value for CCNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests CCNE has a negative trend. |
| Stochastics (14,3) | 39.76 | NEUTRAL | The Stochastics value for CCNE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for CCNE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.19 | NEUTRAL | The ADX value for CCNE suggests a possible start of a new trend. |
CCNE Chart- and CandleStick Pattern Analysis
CCNE Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.60 | 29.63 | 0.97 (3.17%) | 25.00% |
| An entry @30.60. This is a Buy Stop order right above the resistance zone. | An exit @29.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.97 points, which is 3.17%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CCNE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CCNE Technicals: Chart, Performance Metrics, Trend & Indicators
30.17
-0.32 (-1.05%)
CNB FINANCIAL CORP/PA / CCNE TA FAQ
What is the technical rating for CCNE stock?
ChartMill assigns a technical rating of 10 / 10 to CCNE.
What is the current trend direction of CNB FINANCIAL CORP/PA (CCNE) stock?
The current trend direction for CNB FINANCIAL CORP/PA (CCNE) is Bullish.
Can you provide the RSI signal for CNB FINANCIAL CORP/PA?
CNB FINANCIAL CORP/PA (CCNE) has an RSI value of 53.4384. This indicates that the stock is currently neutral.
What is the MACD signal for CNB FINANCIAL CORP/PA (CCNE) stock?
The MACD indicator for CNB FINANCIAL CORP/PA (CCNE) has a value of -0.110157, indicating a bearish trend.
Can you provide the short term momentum for CNB FINANCIAL CORP/PA?
The short term momentum for CNB FINANCIAL CORP/PA (CCNE) is positive.