Cincinnati Financial Technical Analysis (NASDAQ:CINF)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Cincinnati Financial stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CINF stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Cincinnati Financial. Technical analysis uses an approach for Cincinnati Financial stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cincinnati Financial Moving Average
Moving averages help predict the price direction of CINF stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Cincinnati Financial are mostly signals of long term trends and will help long term traders.
Cincinnati Financial Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CINF stock. Cincinnati Financial bollinger bands show that the stock price is $73.44, upper band is 77.21, lower band is 73.26, and the average is 75.24.
Cincinnati Financial Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Cincinnati Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Cincinnati Financial Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of CINF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.