CANNAE HOLDINGS INC (CNNE) Stock Technical Analysis
NYSE:CNNE - US13765N1072 - Common Stock
18.49 USD
+0.41 (+2.27%)
18.49 USD
0 (0%)
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.
73% of all other stocks performed better in the past year than CNNE.
CNNE is part of the Financial Services industry. There are 100 other stocks in this industry, of which 68% are performing better than CNNE.
CNNE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
CNNE has a poor technical rating and the quality of the setup is also not perfect 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
15.94
22.50
3 important support areas can be observed.
- Support @17.97 from a trend line in the daily time frame.
- Support @17.63 from a horizontal line in the daily time frame.
- A support zone ranging from 16.10 to 16.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.50 to 18.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.63 to 21.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for CNNE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNNE is down. |
| ChartMill Relative Strength | 27.58 | NEGATIVE | CNNE has a low relative strength, it was outperformed by 72.42% 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) | 38.29 | NEUTRAL | The RSI value for CNNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests CNNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.32 | NEUTRAL | The Stochastics value for CNNE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNE suggests some volalility. |
| Average Directional Index/ADX (14) | 51.58 | POSITIVE | The high ADX value value for CNNE 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)
18.49
+0.41 (+2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg2.27%
1 Week3.82%
2 Weeks-6.99%
1 Month-15.18%
3 Month3.7%
6 Month-3.4%
12 Month-5.95%
2 Year-5.81%
3 Year-14.44%
5 Year-50.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%3.07%
ATR Inc-24.59%
Range Today0.71
ADR(20)0.53
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.58
Mansfield-1.3
10 Day High20.23
10 Day Low17.51
20 Day High21.86
20 Day Low17.51
52 Week High22.36
52 Week Low15.92
CS1 End17.97
CR1 Start18.5
Volume & EV
DER(3)-2.32%
DER(5)-1.54%
Volume642.50K
Volume Incr-10.1%
Vol(5)680.98K
Vol(50)783.47K