When (CNNE) Moves Investors should Listen
August 23, 2024, 04:14 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNNE
- Buy CNNE slightly over 17.8 target 19.73 stop loss @ 17.75 Details
The technical summary data tells us to buy CNNE near 17.8 with an upside target of 19.73. This data also tells us to set a stop loss @ 17.75 to protect against excessive loss in case the stock begins to move against the trade. 17.8 is the first level of support below 19.38 , and by rule, any test of support is a buy signal. In this case, support 17.8 would be being tested, so a buy signal would exist.
- Short CNNE slightly under 19.73, target 17.8, stop loss @ 19.79 Details
The technical summary data is suggesting a short of CNNE as it gets near 19.73 with a downside target of 17.8. We should have a stop loss in place at 19.79though. 19.73 is the first level of resistance above 19.38, and by rule, any test of resistance is a short signal. In this case, if resistance 19.73 is being tested, so a short signal would exist.
Swing Trading Plans for CNNE
- Buy CNNE slightly over 19.73, target 21.63, Stop Loss @ 19.67 Details
If 19.73 begins to break higher, the technical summary data tells us to buy CNNE just slightly over 19.73, with an upside target of 21.63. The data also tells us to set a stop loss @ 19.67 in case the stock turns against the trade. 19.73 is the first level of resistance above 19.38, and by rule, any break above resistance is a buy signal. In this case, 19.73, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CNNE slightly near 19.73, target 18.94, Stop Loss @ 19.79. Details
The technical summary data is suggesting a short of CNNE if it tests 19.73 with a downside target of 18.94. We should have a stop loss in place at 19.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 19.73, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CNNE
- Buy CNNE slightly over 19.45, target 19.73, Stop Loss @ 19.4 Details
If 19.45 begins to break higher, the technical summary data tells us to buy CNNE just slightly over 19.45, with an upside target of 19.73. The data also tells us to set a stop loss @ 19.4 in case the stock turns against the trade. 19.45 is the first level of resistance above 19.38, and by rule, any break above resistance is a buy signal. In this case, 19.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CNNE slightly near 19.45, target 18.94, Stop Loss @ 19.5. Details
The technical summary data is suggesting a short of CNNE if it tests 19.45 with a downside target of 18.94. We should have a stop loss in place at 19.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 19.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Cannae Holdings Inc. (CNNE) available here: CNNE.
CNNE Ratings for August 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
17.8 |
| P2 |
19.45 |
18.94 |
19.73 |
| P3 |
19.69 |
19.7 |
21.63 |
AI Generated Signals for CNNE
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Cannae Holdings Inc. (NASDAQ: CNNE) report below is a real world example. Included are trading plans for CNNE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CNNE:
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