CANNAE HOLDINGS INC (CNNE) Technical Analysis
NYSE:CNNE • US13765N1072
Current stock price
CNNE Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CNNE. CNNE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CNNE is a bad performer in the overall market: 91% of all stocks are doing better.
- CNNE is part of the Financial Services industry. There are 98 other stocks in this industry, of which 82% are performing better than CNNE.
- CNNE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CNNE is lagging the market.
- In the last month CNNE has a been trading in the 11.24 - 13.59 range, which is quite wide. It is currently trading near the lows of this range.
CNNE Weekly and Daily overview Charts
CNNE Setup Rating and Analysis
CNNE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.04. Right above this resistance zone may be a good entry point.
More info and screens
CNNE Support and Resistance Analysis
11.22
We found 1 important support area.
- A support zone ranging from 11.33 to 11.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.04 to 12.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.30 from a trend line in the daily time frame.
- Resistance @21.70 from a horizontal line in the weekly time frame.
CNNE Technical Indicator Signal Analysis
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 | 9.79 | NEGATIVE | CNNE has a low relative strength, it was outperformed by 90.21% 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) | 37.96 | NEUTRAL | The RSI value for CNNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CNNE has a positive trend. |
| Stochastics (14,3) | 15.58 | OVERSOLD | The low Stochastics value suggests CNNE may be oversold. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for CNNE suggests some volalility. |
| Average Directional Index/ADX (14) | 55.06 | POSITIVE | The high ADX value value for CNNE suggests a strong trend. |
CNNE Chart- and CandleStick Pattern Analysis
CNNE Technicals: Chart, Performance Metrics, Trend & Indicators
11.68
+0.17 (+1.48%)
CANNAE HOLDINGS INC / CNNE TA 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 37.9562. This indicates that the stock is currently neutral.
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 support level at 11.5 and a resistance level at 12.04. Check the full technical report for our detailed analysis of CNNE support and resistance levels.