CANNAE HOLDINGS INC (CNNE) Technical Analysis
NYSE:CNNE • US13765N1072
Current stock price
CNNE Technical Rating and Analysis
Taking everything into account, CNNE scores 0 out of 10 in our technical rating. CNNE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CNNE is a bad performer in the overall market: 91% of all stocks are doing better.
- CNNE is part of the Financial Services industry. There are 100 other stocks in this industry, of which 81% are performing better than CNNE.
- CNNE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CNNE is lagging the market.
- In the last month CNNE has a been trading in the 10.46 - 12.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
CNNE Weekly and Daily overview Charts
CNNE Setup Rating and Analysis
The technical rating of CNNE 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
CNNE Support and Resistance Analysis
10.91
4 important resistance areas can be observed.
- A resistance zone ranging from 11.03 to 11.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.92 from a trend line in the daily time frame.
- Resistance @14.52 from a trend line in the daily time frame.
- Resistance @21.70 from a horizontal line in the weekly time frame.
CNNE Technical Indicator Signal Analysis
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 | 9.56 | NEGATIVE | CNNE has a low relative strength, it was outperformed by 90.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNNE is below a declining 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) | 38.17 | NEUTRAL | The RSI value for CNNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CNNE has a positive trend. |
| Stochastics (14,3) | 33.64 | NEUTRAL | The Stochastics value for CNNE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNE suggests some volalility. |
| Average Directional Index/ADX (14) | 51.44 | POSITIVE | The high ADX value value for CNNE suggests a strong trend. |
CNNE Chart- and CandleStick Pattern Analysis
CNNE Technicals: Chart, Performance Metrics, Trend & Indicators
11.02
-0.34 (-2.99%)
CANNAE HOLDINGS INC / CNNE TA FAQ
What is the ChartMill technical rating of CANNAE HOLDINGS INC (CNNE) stock?
ChartMill assigns a technical rating of 0 / 10 to CNNE.
What is the current trend direction of CANNAE HOLDINGS INC (CNNE) stock?
The current trend direction for CANNAE HOLDINGS INC (CNNE) is Bearish.
What is the RSI signal for CANNAE HOLDINGS INC (CNNE) stock?
CANNAE HOLDINGS INC (CNNE) has an RSI value of 38.1693. This indicates that the stock is currently neutral.
What is the buy/sell signal for CANNAE HOLDINGS INC (CNNE) stock?
The buy/sell signal for CANNAE HOLDINGS INC (CNNE) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CNNE stock?
CANNAE HOLDINGS INC (CNNE) has a resistance level at 11.03. Check the full technical report for our detailed analysis of CNNE support and resistance levels.