CNO FINANCIAL GROUP INC (CNO) Stock Technical Analysis
USA - NYSE:CNO - US12621E1038 - Common Stock
39.83 USD
+0.32 (+0.81%)
39.83 USD
0 (0%)
We assign a technical rating of 6 out of 10 to CNO. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CNO is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
CNO is part of the Insurance industry. There are 147 other stocks in this industry. CNO outperforms 76% of them.
When compared to the yearly performance of all other stocks, CNO outperforms 69% of them, which is more or less in line with the market.
CNO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNO is lagging the market.
In the last month CNO has a been trading in a tight range between 38.22 and 40.30.
Although the technical rating is only medium, CNO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 39.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.76, a Stop Loss order could be placed below this zone.
More info and screens
35.13
42.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.52 to 39.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.27 from a trend line in the weekly time frame.
- A support zone ranging from 35.48 to 36.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 39.92 to 40.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @41.70 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 | UP | POSITIVE | The long term trend for CNO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNO is neutral. |
| ChartMill Relative Strength | 69.67 | NEUTRAL | CNO is not amongst the best or worst performers 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) | 54.28 | NEUTRAL | The RSI value for CNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.82 | NEUTRAL | The Stochastics value for CNO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for CNO suggests low volalility. |
| Average Directional Index/ADX (14) | 9.3 | NEGATIVE | The low ADX value for CNO suggests a weak or negative 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 |
|---|---|---|---|
| 40.15 | 38.51 | 1.64 (4.08%) | 24.48% |
| An entry @40.15. This is a Buy Stop order right above the resistance zone. | An exit @38.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.64 points, which is 4.08%. | When investing 24.48% 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.
39.83
+0.32 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.81%
1 Week3.48%
2 Weeks-0.67%
1 Month1.17%
3 Month5.31%
6 Month0.63%
12 Month16.22%
2 Year71.83%
3 Year80.55%
5 Year124.39%
10 Year107.34%
15 Year632.17%
Volatility
ATR(14)0.76
ATR(20)%1.8%
ATR Inc9.76%
Range Today0.67
ADR(20)0.68
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.67
3 months CRS65.21
6 months CRS24.08
Mansfield-0.77
10 Day High40.29
10 Day Low38.22
20 Day High40.3
20 Day Low38.22
52 Week High43.2
52 Week Low34.36
CS1 End39.76
CR1 Start39.92
Volume & EV
DER(3)-0.35%
DER(5)0.49%
Volume395.90K
Volume Incr-40.84%
Vol(5)444.52K
Vol(50)681.41K