CNO FINANCIAL GROUP INC (CNO) Stock Technical Analysis
NYSE:CNO - New York Stock Exchange, Inc. - US12621E1038 - Common Stock - Currency: USD
Taking everything into account, CNO scores 4 out of 10 in our technical rating. 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.
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 very little resistance above the current price. There is a support zone below the current price at 38.19, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
32.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 36.78 to 38.19. This zone is formed by a combination of multiple trend lines and important moving averages 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 @33.21 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @39.23 from a horizontal line in the daily time frame.
- Resistance @39.99 from a horizontal line in the daily time frame.
- Resistance @41.70 from a horizontal line in the weekly time frame.
- 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 | 73.39 | POSITIVE | CNO has a high relative strength, it outperformed 73.39% 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) | DOWN | MIXED | The current price of CNO is above a declining 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) | 52.56 | NEUTRAL | The RSI value for CNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CNO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.68 | NEUTRAL | The Stochastics value for CNO is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for CNO suggests low volalility. |
| Average Directional Index/ADX (14) | 12.02 | NEGATIVE | The low ADX value for CNO suggests a weak or negative trend. |
38.27
+0.41 (+1.08%)