CANNAE HOLDINGS INC (CNNE) Stock Technical Analysis
USA - NYSE:CNNE - US13765N1072 - Common Stock
Taking everything into account, CNNE scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CNNE was also a bad performer in the overall market in the last year.
Although the technical rating is bad, CNNE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.61, a Stop Loss order could be placed below this zone.
More info and screens
17.45
2 important support areas can be observed.
- A support zone ranging from 18.10 to 18.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.63 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 18.81 to 19.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.54 from a horizontal line in the daily time frame.
- 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 | 20.77 | NEGATIVE | CNNE has a low relative strength, it was outperformed by 79.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNNE is above the rising 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) | 51.72 | 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. |
| Stochastics (14,3) | 47.87 | NEUTRAL | The Stochastics value for CNNE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.13 | NEGATIVE | The low ADX value for CNNE suggests a weak or negative trend. |
18.71
+0.22 (+1.19%)
CANNAE HOLDINGS INC / CNNE FAQ
What is the ChartMill technical rating of CANNAE HOLDINGS INC (CNNE) stock?
ChartMill assigns a technical rating of 2 / 10 to CNNE.
Can you provide the trend direction for CANNAE HOLDINGS INC?
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 51.7156. This indicates that the stock is currently neutral.
What is the short term momentum for CNNE stock?
The short term momentum for CANNAE HOLDINGS INC (CNNE) is neutral.
Can you provide the support and resistance levels for CANNAE HOLDINGS INC?
CANNAE HOLDINGS INC (CNNE) has a support level at 18.61 and a resistance level at 18.81. Check the full technical report for our detailed analysis of CNNE support and resistance levels.