Objective Long/Short Report (CINF).

November 30, 2024, 11:52 pm ET, BY David D. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for CINF

• Buy CINF near 151.38. Target: stop loss at 150.94. Details

The technical summary data tells us to buy CINF near 151.38, but there is no current upside target in the summary table. In this case, we should wait until either an update to the summary table has been made (which usually happens at the beginning of each trading day) or until the position has been stopped. The data tells us that we should set a stop loss at 150.94 to protect ourselves from excessive losses in case the stock starts moving against the trade. 151.38 is the first level of support below 159.83 and basically any test of support is a buy signal. In this case, if the 151.38 support is tested, a buy signal would be present.

• NO. Details

NO.
There are no current resistance levels from the summary table and therefore there are no short resistance plans telling us to short on resistance tests. The resistance levels have broken to the upside and if the stock does not move back down and below the support levels, short positions look risky.

Swing trading plans for CINF

• Buy CINF just above 162.24, target n/a, stop loss at 161.77 Details

If 162.24 starts to break out to the upside, the technical summary data tells us to buy CINF just above 162.24 with an upside target of n/a. The data also tells us to set a stop loss at 161.77 in case the stock turns against the trade. 162.24 is the first resistance level above 159.83 and basically any break above resistance is a buy signal. In this case, 162.24, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short CINF slightly near 162.24, target 158.27, stop loss at 162.71. Details

Technical summary data suggests shorting CINF if it tests 162.24, with a downside target of 158.27. However, we should have a stop loss at 162.71 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 162.24 is tested, there would be a short signal. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for CINF

• Buy CINF just above 160.35, target 162.35, stop loss at 159.98 Details

If 160.35 starts to break higher, the technical summary data tells us to buy CINF just above 160.35 with an upside target of 162.35. The data also tells us to set a stop loss at 159.98 in case the stock turns against the trade. 160.35 is the first resistance level above 159.83 and basically any break above resistance is a buy signal. In this case, 160.35, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short CINF slightly near 160.35, target 158.27, stop loss at 160.72. Details

Technical summary data suggests shorting CINF if it tests 160.35, with a downside target of 158.27. However, we should have a stop loss at 160.72 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 160.35 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Cincinnati Financial Corporation (CINF) available here: CINF.

CINF ratings for November 30:

AI generated signals for CINF

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading Cincinnati Financial Corporation (NASDAQ: CINF) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for CINF change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when CINF tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for CINF. All of this is offered below the overview table.