CANNAE HOLDINGS INC (CNNE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNNE - US13765N1072 - Common Stock
We assign a technical rating of 1 out of 10 to CNNE. 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 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
14.97
We found 1 important support area.
- Support @15.12 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 16.85 to 17.10. 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 | 16.4 | NEGATIVE | CNNE has a low relative strength, it was outperformed by 83.6% 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) | 41.29 | 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) | 26.8 | NEUTRAL | The Stochastics value for CNNE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for CNNE suggests a weak or negative trend. |
15.97
-0.28 (-1.72%)
CANNAE HOLDINGS INC / CNNE FAQ
What is the ChartMill technical rating of CANNAE HOLDINGS INC (CNNE) stock?
ChartMill assigns a technical rating of 1 / 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 41.2885. 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 negative.
Can you provide the support and resistance levels for CANNAE HOLDINGS INC?
CANNAE HOLDINGS INC (CNNE) has a support level at 15.12 and a resistance level at 16.85. Check the full technical report for our detailed analysis of CNNE support and resistance levels.