CNA FINANCIAL CORP (CNA) Stock Technical Analysis
USA - NYSE:CNA - US1261171003 - Common Stock
Overall CNA gets a technical rating of 0 out of 10. CNA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CNA does present a nice setup opportunity. 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 46.00. Right above this resistance zone may be a good entry point.
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42.63
When analyzing the support we notice one important area.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 46.00 to 46.75. 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 49.65. 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 | DOWN | NEGATIVE | The long term trend for CNA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNA is neutral. |
| ChartMill Relative Strength | 27.36 | NEGATIVE | CNA has a low relative strength, it was outperformed by 72.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNA is below a declining 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) | 55.43 | NEUTRAL | The RSI value for CNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests CNA has a positive trend. |
| Stochastics (14,3) | 87.24 | OVERBOUGHT | The high Stochastics value suggests CNA may be overbought. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for CNA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.04 | NEGATIVE | The low ADX value for CNA suggests a weak or negative trend. |
45.97
-0.05 (-0.11%)
CNA FINANCIAL CORP / CNA FAQ
What is the ChartMill technical rating of CNA FINANCIAL CORP (CNA) stock?
ChartMill assigns a technical rating of 0 / 10 to CNA.
What is the trend direction for 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 55.429. 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.