We assign a technical rating of 8 out of 10 to CCNE. Although CCNE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 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.
- When comparing the yearly performance of all stocks, we notice that CCNE is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- CCNE is an average performer in the Banks industry, it outperforms 49% of 383 stocks in the same industry.
- In the last month CCNE has a been trading in the 25.52 - 28.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CCNE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 27.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.76, a Stop Loss order could be placed below this zone.
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23.38
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.44 to 26.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.74 to 25.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.72 to 24.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.88 to 28.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 71.5 | POSITIVE | CCNE has a high relative strength, it outperformed 71.5% off all stocks 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) | UP | POSITIVE | The current price of CCNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.06 | NEUTRAL | The RSI value for CCNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CCNE has a positive trend. |
| Stochastics (14,3) | 54.28 | NEUTRAL | The Stochastics value for CCNE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for CCNE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.58 | NEGATIVE | The low ADX value for CCNE suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 28.18 | 26.43 | 1.75 (6.21%) | 16.10% |
| An entry @28.18. This is a Buy Stop order right above the resistance zone. | An exit @26.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.75 points, which is 6.21%. | For a 1.00% total portfolio risk, you can invest 16.10% of your capital in this trade. |
- 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.
27.7
+0.4 (+1.47%)
CNB FINANCIAL CORP/PA / CCNE FAQ
What is the technical rating for CCNE stock?
ChartMill assigns a technical rating of 8 / 10 to CCNE.
Can you provide the trend direction for CNB FINANCIAL CORP/PA?
The current trend direction for CNB FINANCIAL CORP/PA (CCNE) is Bullish.
What is the RSI signal for CCNE stock?
CNB FINANCIAL CORP/PA (CCNE) has an RSI value of 59.0646. This indicates that the stock is currently neutral.
What is the short term momentum for CNB FINANCIAL CORP/PA (CCNE) stock?
The short term momentum for CNB FINANCIAL CORP/PA (CCNE) is positive.
What is the buy/sell signal for CCNE stock?
The buy/sell signal for CNB FINANCIAL CORP/PA (CCNE) is buy as both the short term and long term trends are positive.