CINCINNATI FINANCIAL CORP (CINF)       108.13  +0.74 (+0.69%)

108.13  +0.74 (+0.69%)

US1720621010 - Common Stock - After market: 108.48 +0.35 (+0.32%)

Technical Rating

6

We assign a technical rating of 6 out of 10 to CINF. CINF has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CINF 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that CINF is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CINF is part of the Insurance industry. There are 138 other stocks in this industry, CINF did better than 55% of them.
CINF is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 4.66% 11.68% -14.41% -6.69% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 79.97 88.66 - 143.22
CINF Weekly chart
CINF Daily chart

Support/Resistance Analysis


89.24

111.19
3 important support areas can be observed.
  • Support @102.26 from a trend line in the daily time frame.
  • A support zone ranging from 97.00 to 97.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @90.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 108.88 to 110.09. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

CINF has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 108.88. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CINF 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.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
110.10104.285.82 (5.29%)18.92%
An entry @110.10. This is a Buy Stop order right above the resistance zone.An exit @104.28. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 5.82 points, which is 5.29%.For a 1.00% total portfolio risk, you can invest 18.92% 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.
CINF Daily chart

CINCINNATI FINANCIAL CORP108.13

NASDAQ:CINF (11/29/2022, 7:24:28 PM)+0.74 (+0.69%)

After market: 108.48 +0.35 (+0.32%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Insurance
Performance
Today 0.69% 1 Week 1.22%
2 Weeks -0.73% 1 Month 4.66%
3 Month 11.68% 6 Month -14.41%
Volatility
ATR(14) 2.39 ATR(20)% 2.41%
ATR Inc -5.89% Range Today 1.98
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 79.97 Mansfield -0.11
10 Day High 109.94 10 Day Low 104.29
20 Day High 111.77 20 Day Low 96.63
52 Week High 143.22 52 Week Low 88.66
CS1 End 102.26 CR1 Start 108.88
Volume & EV
DER(3) 3.16% DER(5) 2.48%
Volume 401.70K Volume Incr -53.96%
Vol(5) 353.54K Vol(50) 769.03K

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