CNA Financial Corporation Stock Forecast
CNA Financial Corporation stock price down 0.96% on Friday
(Updated on Apr 26, 2024)
The CNA Financial Corporation stock price fell by -0.96% on the last day (Friday, 26th Apr 2024) from $43.66 to $43.24. During the last trading day the stock fluctuated 1.84% from a day low at $42.89 to a day high of $43.68. The price has been going up and down for this period, and there has been a -0.23% loss for the last 2 weeks. 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 -52 thousand shares and in total, 182 thousand shares were bought and sold for approximately $7.85 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.04% during the next 3 months and, with a 90% probability hold a price between $40.87 and $44.64 at the end of this 3-month period.
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CNA Signals & Forecast
There are mixed signals in the stock today. The CNA 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 $43.95 and $44.02. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CNA Financial Corporation stock
CNA Financial Corporation finds support from accumulated volume at $43.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.790 between high and low, or 1.84%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CNA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CNA Financial Corporation to open at $43.27, and during the day (based on 14 day Average True Range), to move between $42.56 and $43.92, which gives a possible trading interval of +/-$0.677 (+/-1.57%) up or down from last closing price. If CNA Financial Corporation takes out the full calculated possible swing range there will be an estimated 3.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $43.21 (0.07%) than the resistance at $44.26 (2.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CNA Financial Corporation stock A Buy?
CNA Financial Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.140 Sell Candidate Unchanged
Predicted Opening Price for CNA Financial Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $43.27 ( 0.0694%) | $43.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CNA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.06 | 1.90 % | |
| R2 | 43.76 | 1.20 % | ||
| R1 | 43.57 | 0.767 % | ||
| Current price: | 43.24 | |||
| Support | S1 | 42.97 | -0.629 % | |
| S2 | 42.78 | -1.06 % | ||
| S3 | 42.48 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.18 | 9.11 % | |
| R2 | 46.42 | 7.35 % | ||
| R1 | 44.26 | 2.36 % | ||
| Current price | 43.24 | |||
| Support | S1 | 43.21 | -0.0694% | |
| S2 | 43.06 | -0.416% | ||
| S3 | 42.81 | -0.99% |
CNA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 16, 2024 | Mar 07, 2024 | $1.76 | 4.03% |
| 2 | Oct 30, 2023 | Nov 10, 2023 | Nov 30, 2023 | $0.420 | 1.00% |
| 3 | Jul 31, 2023 | Aug 11, 2023 | Aug 31, 2023 | $0.420 | 1.07% |
| 4 | May 01, 2023 | May 12, 2023 | Jun 01, 2023 | $0.420 | 1.14% |
| 5 | Feb 06, 2023 | Feb 17, 2023 | Mar 09, 2023 | $1.62 | 4.02% |
FAQ
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