CANNAE HOLDINGS INC (CNNE) Stock Technical Analysis
NYSE:CNNE - New York Stock Exchange, Inc. - US13765N1072 - Common Stock - Currency: USD
Overall CNNE gets a technical rating of 6 out of 10. CNNE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month CNNE has a been trading in the 20.66 - 21.96 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CNNE is one of the better performing stocks in the Financial Services industry, it outperforms 71% of 101 stocks in the same industry.
CNNE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CNNE is performing more or less in line with the market.
When comparing the performance of all stocks over the past year, CNNE turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
Considerably lower volume is observed in the last couple of days.
CNNE has an average technical rating and it also does not offer a high 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
15.94
22.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.70 to 20.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.13 to 20.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.10 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.42 to 21.91. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CNNE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNNE is neutral. |
| ChartMill Relative Strength | 63.93 | NEUTRAL | CNNE is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of CNNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.03 | NEUTRAL | The RSI value for CNNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests CNNE has a negative trend. |
| Stochastics (14,3) | 19.9 | OVERSOLD | The low Stochastics value suggests CNNE may be oversold. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for CNNE suggests low volalility. |
| Average Directional Index/ADX (14) | 42.48 | 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)
20.71
-0.67 (-3.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-3.13%
1 Week-5%
2 Weeks-3.9%
1 Month-2.27%
3 Month14.36%
6 Month4.81%
12 Month2.42%
2 Year5.5%
3 Year-4.16%
5 Year-45.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%1.73%
ATR Inc46.98%
Range Today0.46
ADR(20)0.34
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.93
Mansfield0.01
10 Day High21.96
10 Day Low20.66
20 Day High21.96
20 Day Low20.66
52 Week High22.36
52 Week Low15.92
CS1 End20.7
CR1 Start21.42
Volume & EV
DER(3)-5.32%
DER(5)-5.13%
Volume531.70K
Volume Incr-32.45%
Vol(5)467.58K
Vol(50)782.70K