CNFINANCE HOLDINGS LTD (CNF) Stock Technical Analysis
NYSE:CNF - New York Stock Exchange, Inc. - US18979T1051 - ADR - Currency: USD
Overall CNF gets a technical rating of 0 out of 10. CNF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
99% of all other stocks performed better in the past year than CNF.
CNF is part of the Financial Services industry. There are 100 other stocks in this industry, of which 90% are performing better than CNF.
CNF is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CNF is lagging the market.
In the last month CNF has a been trading in the 0.37 - 0.87 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of CNF 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.
More info and screens
0.41
0.71
3 important resistance areas can be observed.
- Resistance @0.62 from a trend line in the daily time frame.
- A resistance zone ranging from 0.65 to 0.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for CNF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNF is down. |
| ChartMill Relative Strength | 1.84 | NEGATIVE | CNF has a low relative strength, it was outperformed by 98.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.54 | OVERSOLD | The low RSI value suggests CNF may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CNF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.13 | OVERSOLD | The low Stochastics value suggests CNF may be oversold. |
| Average True Range in percent/ATR (20) | 16.67 | HIGH VOLATILITY | The high ATR as a percentage value for CNF suggests high volalility. |
| Average Directional Index/ADX (14) | 27.1 | POSITIVE | The high ADX value value for CNF 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)
0.4184
+0.02 (+4.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg4.84%
1 Week-26.96%
2 Weeks-41.07%
1 Month-44.86%
3 Month-61.61%
6 Month-55.96%
12 Month-73.01%
2 Year-85.82%
3 Year-83.2%
5 Year-88.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%16.67%
ATR Inc11.28%
Range Today0.06
ADR(20)0.07
ADR(20)%16.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.84
Mansfield-6.28
10 Day High0.75
10 Day Low0.37
20 Day High0.87
20 Day Low0.37
52 Week High2.84
52 Week Low0.37
CS1 EndN/A
CR1 Start0.62
Volume & EV
DER(3)2.29%
DER(5)2.56%
Volume88.46K
Volume Incr17.32%
Vol(5)196.61K
Vol(50)114.63K