CANNAE HOLDINGS INC (CNNE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNNE - US13765N1072 - Common Stock
We assign a technical rating of 0 out of 10 to CNNE. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 84% 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. 70% of 98 stocks in the same industry do better.
- CNNE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CNNE has a been trading in the 15.47 - 16.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Considerably lower volume is observed in the last couple of days.
CNNE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.65, a Stop Loss order could be placed below this zone.
More info and screens
14.97
We found 2 important support areas.
- A support zone ranging from 15.51 to 15.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.12 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 15.94 to 16.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 16.85 to 17.10. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CNNE is neutral. |
| ChartMill Relative Strength | 16.82 | NEGATIVE | CNNE has a low relative strength, it was outperformed by 83.18% 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) | 44.19 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 63.95 | NEUTRAL | The Stochastics value for CNNE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNE suggests some volalility. |
| Average Directional Index/ADX (14) | 11.94 | NEGATIVE | The low ADX value for CNNE suggests a weak or negative trend. |
15.81
-0.4 (-2.47%)
CANNAE HOLDINGS INC / CNNE 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 44.1929. This indicates that the stock is currently neutral.
What are the support and resistance levels for CANNAE HOLDINGS INC (CNNE) stock?
CANNAE HOLDINGS INC (CNNE) has a support level at 15.65 and a resistance level at 15.94. Check the full technical report for our detailed analysis of CNNE support and resistance levels.