CNO FINANCIAL GROUP INC (CNO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNO - US12621E1038 - Common Stock
Overall CNO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CNO has proven to be a steady performer, scoring decent points in every aspect analyzed.
CNO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 43.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.06, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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35.63
When analyzing the support we can see 5 important areas.
- A support zone ranging from 42.86 to 43.06. 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 41.49 to 41.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.59 to 39.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 38.48 to 38.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.56 to 43.92. 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 CNO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNO is up. |
| ChartMill Relative Strength | 73.46 | POSITIVE | CNO has a high relative strength, it outperformed 73.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.34 | NEUTRAL | The RSI value for CNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CNO has a negative trend. |
| Stochastics (14,3) | 76.12 | NEUTRAL | The Stochastics value for CNO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for CNO suggests low volalility. |
| Average Directional Index/ADX (14) | 25.94 | POSITIVE | The high ADX value value for CNO suggests a strong trend. |
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 |
|---|---|---|---|
| 43.93 | 42.85 | 1.08 (2.46%) | 25.00% |
| An entry @43.93. This is a Buy Stop order right above the resistance zone. | An exit @42.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.08 points, which is 2.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The distance between exit and entry is rather small compared to the average daily movement of CNO. Please evaluate whether better entry and exit points can be found.
- 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.
43.4
-0.51 (-1.16%)
CNO FINANCIAL GROUP INC / CNO FAQ
What is the ChartMill technical rating of CNO FINANCIAL GROUP INC (CNO) stock?
ChartMill assigns a technical rating of 10 / 10 to CNO.
What is the current trend direction of CNO FINANCIAL GROUP INC (CNO) stock?
The current trend direction for CNO FINANCIAL GROUP INC (CNO) is Bullish.
What is the RSI signal for CNO FINANCIAL GROUP INC (CNO) stock?
CNO FINANCIAL GROUP INC (CNO) has an RSI value of 60.3439. This indicates that the stock is currently neutral.
What is the buy/sell signal for CNO stock?
The buy/sell signal for CNO FINANCIAL GROUP INC (CNO) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CNO FINANCIAL GROUP INC?
CNO FINANCIAL GROUP INC (CNO) has a support level at 43.06 and a resistance level at 43.56. Check the full technical report for our detailed analysis of CNO support and resistance levels.