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 6 out of 10. Although CNO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, CNO does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 39.96, 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.
More info and screens
35.13
When analyzing the support we can see 4 important areas.
- A support zone ranging from 39.79 to 39.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.52 to 38.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @37.86 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 40.45 to 40.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
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 | 58.87 | NEUTRAL | CNO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNO is below 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) | 51.83 | NEUTRAL | The RSI value for CNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.52 | NEUTRAL | The Stochastics value for CNO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for CNO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.03 | NEGATIVE | The low ADX value for CNO suggests a weak or negative 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 |
|---|---|---|---|
| 40.60 | 39.78 | 0.82 (2.02%) | 25.00% |
| An entry @40.60. This is a Buy Stop order right above the resistance zone. | An exit @39.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.82 points, which is 2.02%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- 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.
40.45
+0.68 (+1.71%)
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 6 / 10 to CNO.
Can you provide the trend direction for CNO FINANCIAL GROUP INC?
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 51.8344. This indicates that the stock is currently neutral.
What is the short term momentum for CNO FINANCIAL GROUP INC (CNO) stock?
The short term momentum for CNO FINANCIAL GROUP INC (CNO) is neutral.
What are the support and resistance levels for CNO FINANCIAL GROUP INC (CNO) stock?
CNO FINANCIAL GROUP INC (CNO) has a support level at 39.96 and a resistance level at 40.45. Check the full technical report for our detailed analysis of CNO support and resistance levels.