CNA FINANCIAL CORP (CNA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNA - US1261171003 - Common Stock
We assign a technical rating of 3 out of 10 to CNA. Recently some decent action could be observed, but in the medium term time frame this is still negative. CNA was also a bad performer in the overall market in the last year.
The technical rating of CNA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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42.63
We found 2 important support areas.
- Support @45.12 from a horizontal line in the daily time frame.
- A support zone ranging from 43.06 to 43.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 46.49 to 47.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.48 to 49.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @50.70 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CNA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNA is neutral. |
| ChartMill Relative Strength | 34.27 | NEUTRAL | CNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.01 | NEUTRAL | The RSI value for CNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests CNA has a negative trend. |
| Stochastics (14,3) | 20.68 | NEUTRAL | The Stochastics value for CNA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for CNA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.68 | NEGATIVE | The low ADX value for CNA suggests a weak or negative trend. |
46.35
-0.66 (-1.4%)
CNA FINANCIAL CORP / CNA FAQ
What is the ChartMill technical rating of CNA FINANCIAL CORP (CNA) stock?
ChartMill assigns a technical rating of 3 / 10 to CNA.
What is the current trend direction of CNA FINANCIAL CORP (CNA) stock?
The current trend direction for CNA FINANCIAL CORP (CNA) is Bearish.
What is the RSI signal for CNA stock?
CNA FINANCIAL CORP (CNA) has an RSI value of 45.0111. This indicates that the stock is currently neutral.
What is the short term momentum for CNA FINANCIAL CORP (CNA) stock?
The short term momentum for CNA FINANCIAL CORP (CNA) is neutral.
What are the support and resistance levels for CNA FINANCIAL CORP (CNA) stock?
CNA FINANCIAL CORP (CNA) has a support level at 45.12 and a resistance level at 46.49. Check the full technical report for our detailed analysis of CNA support and resistance levels.