CNB FINANCIAL CORP/PA (CCNE) Stock Technical Analysis
USA - NASDAQ:CCNE - US1261281075 - Common Stock
26.15 USD
-0.5 (-1.88%)
26.15 USD
0 (0%)
Taking everything into account, CCNE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CCNE is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
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.
CCNE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, CCNE turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
CCNE is an average performer in the Banks industry, it outperforms 58% of 392 stocks in the same industry.
CCNE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 26.13, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.79
26.93
6 important support areas can be observed.
- A support zone ranging from 25.83 to 26.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.42 from a horizontal line in the daily time frame.
- Support @23.06 from a trend line in the weekly time frame.
- A support zone ranging from 22.30 to 22.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.35 from a horizontal line in the daily time frame.
- Support @21.00 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @26.21 from a horizontal line in the weekly time frame.
- Resistance @26.66 from a horizontal line in the daily time frame.
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 | 67.01 | NEUTRAL | CCNE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCNE is above 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) | DOWN | MIXED | The current price of CCNE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.86 | NEUTRAL | The RSI value for CCNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CCNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.08 | NEUTRAL | The Stochastics value for CCNE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for CCNE suggests some volalility. |
| Average Directional Index/ADX (14) | 29.57 | POSITIVE | The high ADX value value for CCNE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 26.22 | 25.82 | 0.40 (1.53%) | 25.00% |
| An entry @26.22. This is a Buy Stop order right above the resistance zone. | An exit @25.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.40 points, which is 1.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- 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.
26.15
-0.5 (-1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.88%
1 Week1.32%
2 Weeks0.38%
1 Month4.81%
3 Month19.46%
6 Month18.01%
12 Month5.32%
2 Year44.4%
3 Year10.95%
5 Year75.86%
10 Year43.92%
15 Year90.18%
Volatility
ATR(14)0.56
ATR(20)%2.19%
ATR Inc67.75%
Range Today0.7
ADR(20)0.55
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.01
Mansfield-0.31
10 Day High26.68
10 Day Low25.21
20 Day High26.95
20 Day Low24.99
52 Week High29.29
52 Week Low19.32
CS1 End26.13
CR1 Start26.21
Volume & EV
DER(3)0.66%
DER(5)-0.76%
Volume544.50K
Volume Incr58.44%
Vol(5)209.36K
Vol(50)156.63K