CANNAE HOLDINGS INC (CNNE) Stock Technical Analysis
USA - NYSE:CNNE - US13765N1072 - Common Stock
18.6 USD
-0.34 (-1.8%)
18.6 USD
0 (0%)
Overall CNNE gets a technical rating of 1 out of 10. CNNE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
81% of all other stocks performed better in the past year than CNNE.
CNNE is one of the lesser performing stocks in the Financial Services industry. 69% of 101 stocks in the same industry do better.
CNNE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNNE is lagging the market.
In the last month CNNE has a been trading in the 18.32 - 19.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CNNE has a poor technical rating and the quality of the setup is also only medium 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
17.45
22.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.21 to 18.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.68 to 19.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.70 from a horizontal line in the weekly time frame.
- Resistance @22.28 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 CNNE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNNE is down. |
| ChartMill Relative Strength | 19.78 | NEGATIVE | CNNE has a low relative strength, it was outperformed by 80.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNNE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.99 | NEUTRAL | The RSI value for CNNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CNNE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.35 | NEUTRAL | The Stochastics value for CNNE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for CNNE suggests a possible start of a new 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)
18.6
-0.34 (-1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.8%
1 Week-4.47%
2 Weeks-1.74%
1 Month0.22%
3 Month-10.23%
6 Month0.43%
12 Month-3.18%
2 Year-0.21%
3 Year-9.97%
5 Year-50.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%2.26%
ATR Inc-3.03%
Range Today0.53
ADR(20)0.41
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.78
Mansfield-1.34
10 Day High19.88
10 Day Low18.43
20 Day High19.88
20 Day Low18.32
52 Week High22.36
52 Week Low15.92
CS1 End18.39
CR1 Start18.68
Volume & EV
DER(3)-1.72%
DER(5)-0.41%
Volume731.30K
Volume Incr42.24%
Vol(5)931.88K
Vol(50)729.34K