CANNAE HOLDINGS INC (CNNE) Stock Technical Analysis
NYSE:CNNE • US13765N1072
Overall CNNE gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 87% of all other stocks performed better in the past year than CNNE.
- CNNE is one of the lesser performing stocks in the Financial Services industry. 79% of 98 stocks in the same industry do better.
- CNNE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CNNE has a been trading in the 12.98 - 15.82 range, which is quite wide. It is currently trading near the lows of this range.
CNNE has a poor technical rating and the quality of the setup is also only medium 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
13.07
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 13.62 to 13.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.77 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.05 to 15.29. 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.
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 | 13.29 | NEGATIVE | CNNE has a low relative strength, it was outperformed by 86.71% 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) | 29.53 | OVERSOLD | The low RSI value suggests CNNE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CNNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.11 | NEUTRAL | The Stochastics value for CNNE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNE suggests some volalility. |
| Average Directional Index/ADX (14) | 45.2 | POSITIVE | The high ADX value value for CNNE suggests a strong trend. |
13.2
-0.24 (-1.79%)
CANNAE HOLDINGS INC / CNNE FAQ
What is the ChartMill technical rating of CANNAE HOLDINGS INC (CNNE) stock?
ChartMill assigns a technical rating of 0 / 10 to CNNE.
What is the current trend direction of CANNAE HOLDINGS INC (CNNE) stock?
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 29.5271. This indicates that the stock is currently oversold.
What is the buy/sell signal for CANNAE HOLDINGS INC (CNNE) stock?
The buy/sell signal for CANNAE HOLDINGS INC (CNNE) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CNNE stock?
CANNAE HOLDINGS INC (CNNE) has a resistance level at 13.62. Check the full technical report for our detailed analysis of CNNE support and resistance levels.