CNO Financial Technical Analysis (NYSE:CNO)
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. The CNO Financial stock price data and volume are plotted in CNO stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for CNO Financial. The technical analysis form of CNO Financial stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
CNO Financial Moving Average
Moving averages show the CNO stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $19.44 is below the price of $19.86.
CNO Financial Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like CNO Financial. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of CNO Financial bollinger bands.
CNO Financial Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The CNO Financial MACD line is below the signal line.
CNO 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 CNO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.