Cna Financial Corp (CNA): Price Now Near $45.06; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for CNA

Currently, CNA (Get Ratings)’s price is down $-0.34 (-0.74%) from the hour prior. The hourly chart shows that CNA has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on CNA; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

CNA ranks 83rd in terms of today’s price percentage change out of Insurance stocks.

CNA’s Technical Outlook on the Daily Chart

At the time of this writing, CNA’s price is down $-1 (-2.16%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Cna Financial Corp’s price action over the past 90 days can be seen via the chart below.

CNA

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CNA: Daily RSI Analysis

  • For CNA, its RSI is now at 40.2402.
  • CNA and RSI may be exhibiting divergent trends. This may be something to monitor.

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