Overall CNNB gets a technical rating of 3 out of 10. CNNB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month CNNB has a been trading in the 14.75 - 16.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Warning: CNNB has an average volume of 3394 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Looking at the yearly performance, CNNB did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- CNNB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNNB is lagging the market.
- Volume is considerably higher in the last couple of days.
The technical rating of CNNB 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
13.91
We found 3 important support areas.
- A support zone ranging from 14.76 to 14.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.45 from a horizontal line in the daily time frame.
- A support zone ranging from 14.05 to 14.21. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.04 to 15.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.85 to 15.85. 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 | NEUTRAL | NEUTRAL | The long term trend for CNNB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNNB is neutral. |
| ChartMill Relative Strength | 74.19 | POSITIVE | CNNB has a high relative strength, it outperformed 74.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNNB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNNB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNNB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.52 | NEUTRAL | The RSI value for CNNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CNNB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.7 | NEUTRAL | The Stochastics value for CNNB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for CNNB suggests low volalility. |
| Average Directional Index/ADX (14) | 22.29 | NEUTRAL | The ADX value for CNNB suggests a possible start of a new trend. |
NASDAQ:CNNB (2/3/2023, 8:00:01 PM)
15
-0.71 (-4.52%)
CINCINNATI BANCORP INC / CNNB FAQ
Can you provide the ChartMill technical rating for CINCINNATI BANCORP INC?
ChartMill assigns a technical rating of 3 / 10 to CNNB.
What is the current trend direction of CINCINNATI BANCORP INC (CNNB) stock?
The current trend direction for CINCINNATI BANCORP INC (CNNB) is Bearish.
What is the RSI signal for CINCINNATI BANCORP INC (CNNB) stock?
CINCINNATI BANCORP INC (CNNB) has an RSI value of 47.5182. This indicates that the stock is currently neutral.
What is the short term momentum for CINCINNATI BANCORP INC (CNNB) stock?
The short term momentum for CINCINNATI BANCORP INC (CNNB) is neutral.
What are the support and resistance levels for CINCINNATI BANCORP INC (CNNB) stock?
CINCINNATI BANCORP INC (CNNB) has a support level at 14.99 and a resistance level at 15.04. Check the full technical report for our detailed analysis of CNNB support and resistance levels.