CNO FINANCIAL GROUP INC (CNO) Stock Technical Analysis
NYSE:CNO - New York Stock Exchange, Inc. - US12621E1038 - Common Stock - Currency: USD
Overall CNO gets a technical rating of 5 out of 10. Although CNO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that CNO is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by CNO over the past year are nicely spread over this period.
CNO is part of the Insurance industry. There are 143 other stocks in this industry. CNO outperforms 78% of them.
In the last month CNO has a been trading in the 36.65 - 39.54 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
CNO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 37.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
32.51
42.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 36.78 to 37.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.76 to 36.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @32.84 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 37.79 to 38.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.92 to 39.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 41.69 to 41.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.38 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for CNO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNO is neutral. |
| ChartMill Relative Strength | 82.02 | POSITIVE | CNO has a high relative strength, it outperformed 82.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CNO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.99 | NEUTRAL | The RSI value for CNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CNO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.18 | NEUTRAL | The Stochastics value for CNO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CNO suggests some 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)
37.49
-0.42 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.11%
1 Week-0.42%
2 Weeks0.11%
1 Month-3.03%
3 Month-6.39%
6 Month-1.42%
12 Month40.99%
2 Year58.39%
3 Year107.24%
5 Year140.78%
10 Year104.31%
15 Year657.37%
Volatility
ATR(14)0.82
ATR(20)%2.08%
ATR Inc-23.25%
Range Today0.84
ADR(20)0.75
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.02
Mansfield-0.18
10 Day High39
10 Day Low37.35
20 Day High39.54
20 Day Low36.65
52 Week High43.2
52 Week Low26.59
CS1 End37.35
CR1 Start37.79
Volume & EV
DER(3)3.44%
DER(5)0.11%
Volume1.02M
Volume Incr9.49%
Vol(5)671.66K
Vol(50)720.94K