CNO Financial Group Inc Stock Forecast
Stronger technical forecast for CNO Financial Group Inc stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The CNO Financial Group Inc stock price gained 1.05% on the last trading day (Wednesday, 24th Apr 2024), rising from $26.61 to $26.89. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.16% from a day low at $26.35 to a day high of $26.92. The price has risen in 7 of the last 10 days and is up by 3.22% over the past 2 weeks. Volume fell on the last day by -269 thousand shares and in total, 619 thousand shares were bought and sold for approximately $16.64 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $27.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.05% during the next 3 months and, with a 90% probability hold a price between $24.01 and $26.05 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CNO Signals & Forecast
The CNO Financial Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $26.08 and $26.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.05%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, March 19, 2024 in the short-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
The stock had a Golden Star Signal on Tuesday, March 19, 2024 in the short-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 CNO Financial Group Inc stock
CNO Financial Group Inc finds support from accumulated volume at $26.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.570 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: $25.95 (-3.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (CNO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect CNO Financial Group Inc to open at $26.72, and during the day (based on 14 day Average True Range), to move between $26.35 and $27.43, which gives a possible trading interval of +/-$0.541 (+/-2.01%) up or down from last closing price. If CNO Financial Group Inc takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.85 (0.15%) than the resistance at $26.99 (0.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CNO Financial Group Inc will release earnings AMC on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.640. We will update the financials statements for CNO Financial Group Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.28% in the first trading day after earnings release.
Is CNO Financial Group Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.319 Buy Candidate Upgraded
Predicted Opening Price for CNO Financial Group Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$26.72 ( 0.632%) | $26.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CNO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.29 | 1.49 % | |
R2 | 27.07 | 0.678 % | ||
R1 | 26.94 | 0.178 % | ||
Current price: | 26.89 | |||
Support | S1 | 26.50 | -1.44 % | |
S2 | 26.37 | -1.94 % | ||
S3 | 26.15 | -2.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.48 | 2.19 % | |
R2 | 27.46 | 2.12 % | ||
R1 | 26.99 | 0.372 % | ||
Current price | 26.89 | |||
Support | S1 | 26.85 | -0.149% | |
S2 | 26.71 | -0.669% | ||
S3 | 26.61 | -1.04% |
CNO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.150 | 0.565% |
2 | Nov 10, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.150 | 0.537% |
3 | Aug 09, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.150 | 0.628% |
4 | May 05, 2023 | Jun 08, 2023 | Jun 23, 2023 | $0.150 | 0.676% |
5 | Feb 15, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.140 | 0.663% |
FAQ
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