CANNAE HOLDINGS INC (CNNE) Stock Technical Analysis
NYSE:CNNE - New York Stock Exchange, Inc. - US13765N1072 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CNNE. Although CNNE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
CNNE is one of the better performing stocks in the Financial Services industry, it outperforms 74% of 100 stocks in the same industry.
CNNE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNNE is lagging the market slightly.
In the last month CNNE has a been trading in the 19.33 - 21.42 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, CNNE did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CNNE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.04, a Stop Loss order could be placed below this zone.
More info and screens
15.94
22.75
We found 3 important support areas.
- A support zone ranging from 20.58 to 21.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.31 to 19.64. 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.
We found 1 important resistance area.
- A resistance zone ranging from 22.28 to 22.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for CNNE is up. |
| ChartMill Relative Strength | 76.41 | POSITIVE | CNNE has a high relative strength, it outperformed 76.41% 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) | UP | POSITIVE | The current price of CNNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.08 | OVERBOUGHT | The high RSI value suggests CNNE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.15 | OVERBOUGHT | The high Stochastics value suggests CNNE may be overbought. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNE suggests some volalility. |
| Average Directional Index/ADX (14) | 45.22 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.43 | 20.57 | 0.86 (4.01%) | 24.92% |
| An entry @21.43. This is a Buy Stop order right above the 10 day high. | An exit @20.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.86 points, which is 4.01%. | When investing 24.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.4
+0.19 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.9%
1 Week0.99%
2 Weeks3.33%
1 Month7.97%
3 Month25.96%
6 Month14.56%
12 Month11.98%
2 Year5%
3 Year1.37%
5 Year-43.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%2.02%
ATR Inc-4.64%
Range Today0.33
ADR(20)0.43
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.41
Mansfield0.26
10 Day High21.42
10 Day Low20.55
20 Day High21.42
20 Day Low19.33
52 Week High22.36
52 Week Low15.92
CS1 End21.04
CR1 Start22.28
Volume & EV
DER(3)-3.13%
DER(5)-5.49%
Volume594.10K
Volume Incr-35.95%
Vol(5)581.54K
Vol(50)734.20K