Cincinnati Financial Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Cincinnati Financial Corporation stock after gaining 1.88%
(Updated on Apr 30, 2024)
The Cincinnati Financial Corporation stock price gained 1.88% on the last trading day (Tuesday, 30th Apr 2024), rising from $113.55 to $115.69. During the last trading day the stock fluctuated 2.65% from a day low at $113.04 to a day high of $116.04. The price has been going up and down for this period, and there has been a -1.18% loss for the last 2 weeks. Volume fell on the last day by -80 thousand shares and in total, 1 million shares were bought and sold for approximately $137.57 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 8.82% during the next 3 months and, with a 90% probability hold a price between $121.02 and $139.12 at the end of this 3-month period.
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CINF Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 4.34%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cincinnati Financial Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $117.18 and $119.16. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, December 27, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, December 27, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Cincinnati Financial Corporation stock
Cincinnati Financial Corporation finds support from accumulated volume at $113.55 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 $3.00 (2.65%) between high and low. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: $110.90 (-4.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CINF) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Cincinnati Financial Corporation to open at $114.92, and during the day (based on 14 day Average True Range), to move between $113.09 and $118.29, which gives a possible trading interval of +/-$2.60 (+/-2.24%) up or down from last closing price. If Cincinnati Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $117.79 (1.82%) than the support at $113.55 (1.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Cincinnati Financial Corporation stock A Buy?
Cincinnati Financial Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.326 Hold/Accumulate Unchanged
Predicted Opening Price for Cincinnati Financial Corporation of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $114.92 ( 0.663%) | $115.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CINF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.92 | 1.93 % | |
| R2 | 116.78 | 0.94 % | ||
| R1 | 116.07 | 0.328 % | ||
| Current price: | 115.69 | |||
| Support | S1 | 113.78 | -1.65 % | |
| S2 | 113.07 | -2.27 % | ||
| S3 | 111.92 | -3.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.28 | 3.97 % | |
| R2 | 119.90 | 3.64 % | ||
| R1 | 117.79 | 1.82 % | ||
| Current price | 115.69 | |||
| Support | S1 | 113.55 | -1.85% | |
| S2 | 110.88 | -4.16% | ||
| S3 | 107.03 | -7.49% |
CINF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 26, 2024 | Mar 18, 2024 | Apr 15, 2024 | $0.81 | 0.693% |
| 2 | Nov 17, 2023 | Dec 18, 2023 | Jan 16, 2024 | $0.750 | 0.699% |
| 3 | Aug 25, 2023 | Sep 15, 2023 | Oct 16, 2023 | $0.750 | 0.727% |
| 4 | May 06, 2023 | Jun 15, 2023 | Jul 14, 2023 | $0.750 | 0.766% |
| 5 | Jan 27, 2023 | Mar 16, 2023 | Apr 14, 2023 | $0.750 | 0.703% |
FAQ
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