CNO FINANCIAL GROUP INC (CNO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNO - US12621E1038 - Common Stock
We assign a technical rating of 6 out of 10 to CNO. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CNO is only an average performer.
CNO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 41.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.54, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
35.13
We found 3 important support areas.
- A support zone ranging from 39.59 to 40.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.30 to 38.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.48 to 35.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 41.31 to 41.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 42.37 to 42.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CNO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNO is up. |
| ChartMill Relative Strength | 65.66 | NEUTRAL | CNO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CNO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.03 | NEUTRAL | The RSI value for CNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CNO has a positive trend. |
| Stochastics (14,3) | 65.63 | NEUTRAL | The Stochastics value for CNO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for CNO suggests low volalility. |
| Average Directional Index/ADX (14) | 14.3 | NEGATIVE | The low ADX value for CNO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 41.71 | 39.37 | 2.34 (5.61%) | 17.82% |
| An entry @41.71. This is a Buy Stop order right above the resistance zone. | An exit @39.37. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.34 points, which is 5.61%. | For a 1.00% total portfolio risk, you can invest 17.82% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
41.24
+0.1 (+0.24%)
CNO FINANCIAL GROUP INC / CNO FAQ
What is the ChartMill technical rating of CNO FINANCIAL GROUP INC (CNO) stock?
ChartMill assigns a technical rating of 6 / 10 to CNO.
Can you provide the trend direction for CNO FINANCIAL GROUP INC?
The current trend direction for CNO FINANCIAL GROUP INC (CNO) is Bullish.
What is the RSI signal for CNO FINANCIAL GROUP INC (CNO) stock?
CNO FINANCIAL GROUP INC (CNO) has an RSI value of 58.0336. This indicates that the stock is currently neutral.
What is the short term momentum for CNO FINANCIAL GROUP INC (CNO) stock?
The short term momentum for CNO FINANCIAL GROUP INC (CNO) is positive.
What are the support and resistance levels for CNO FINANCIAL GROUP INC (CNO) stock?
CNO FINANCIAL GROUP INC (CNO) has a support level at 40.54 and a resistance level at 41.31. Check the full technical report for our detailed analysis of CNO support and resistance levels.