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Weaker Hold
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Cincinnati Financial Corporation Stock Forecast NASDAQ:CINF

$117.21 (-0.47%)

Volume: 452k

Closed: Dec 08, 2021

Hollow Logo Score: -0.521

Cincinnati Financial Corporation Stock Forecast

$117.21 (-0.47%)

Volume: 452k

Closed: Dec 08, 2021

Score Hollow Logo -0.521
Which way will CINF go? Request
Stop-loss: $112.22 (-4.26%)
Key Stats
P/E Ratio 7.52
Beta 1.04
Trailing Dividend Rate 2.1% ($2.47)
Next Dividend Date Dec 15, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 46 and the stock is currently not being overbought or oversold

Red day on Wednesday for Cincinnati Financial Corporation stock after losing 0.47%
(Updated on Dec 08, 2021)


Hold candidate since 2021-12-06 Gain 0.79%

The Cincinnati Financial Corporation stock price fell by -0.47% on the last day (Wednesday, 8th Dec 2021) from $117.76 to $117.21. During the day the stock fluctuated 1.70% from a day low at $116.44 to a day high of $118.42. The price has fallen in 6 of the last 10 days and is down by -3.08% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -30 thousand shares and in total, 452 thousand shares were bought and sold for approximately $52.97 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.58% during the next 3 months and, with a 90% probability hold a price between $116.02 and $130.90 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Cincinnati Financial Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $120.56. On a fall, the stock will find some support from the short-term average at $115.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, December 07, 2021, and so far it has fallen -0.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, November 05, 2021 with a target of $118.71. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss

Cincinnati Financial Corporation finds support from accumulated volume at $116.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.98 (1.70%) between high and low. For the last week, the stock has had a daily average volatility of 2.66%.

Our recommended stop-loss: $112.22 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 days ago.)

Is Cincinnati Financial Corporation stock A Buy?

Cincinnati Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.521

Predicted Opening Price for Cincinnati Financial Corporation of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$117.36 $117.21 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Oct 29, 2021 "Royal Bank of Canada" gave "$130.00 - $135.00" rating for CINF. The price target was changed from $125.74 to 0.3%.

Volatility and Risk
Daily Average Volatility: 2.66 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.66 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $117.72
Price: $117.21
Support: $116.45

CINF Insider Trading Show all Trades

INSIDER POWER

0.901

Last 100 transactions
Buy: 88 032 | Sell: 97 668 (Shares)
Date Action Amount Person Type
Nov 29, 2021 Buy 855 Debbink Dirk J Common Stock
Nov 05, 2021 Buy 10 Hoffer Theresa A Common Stock
Nov 05, 2021 Buy 10 Sewell Michael J Common Stock
Nov 05, 2021 Buy 10 Givler Sean Michael Common Stock
Nov 05, 2021 Buy 10 Hollenbeck Martin F Common Stock
Show all Insider Trades
INSIDER POWER

0.901

Last 100 transactions
Buy: 88 032 | Sell: 97 668 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 119.34 1.81 %
118.58 1.17 %
118.11 0.77 %
Current price: 117.21
Support 116.60 -0.52 %
116.13 -0.92 %
115.38 -1.56 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 126.18 7.65 %
121.44 3.61 %
117.72 0.44 %
Current price 117.21
Support 116.45 -0.65%
114.22 -2.55%
113.90 -2.82%

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About Cincinnati Financial Corporation

Cincinnati Financial Cincinnati Financial Corporation engages in the property casualty insurance business in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers’ compensation. This segment also offers director and... Read more

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