When the Price of (CNNE) Talks, People Listen
May 10, 2024, 01:10 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNNE
- Buy CNNE slightly over 18.72 target 20.52 stop loss @ 18.67 Details
The technical summary data tells us to buy CNNE near 18.72 with an upside target of 20.52. This data also tells us to set a stop loss @ 18.67 to protect against excessive loss in case the stock begins to move against the trade. 18.72 is the first level of support below 20.22 , and by rule, any test of support is a buy signal. In this case, support 18.72 would be being tested, so a buy signal would exist.
- Short CNNE slightly under 20.52, target 18.72, stop loss @ 20.58 Details
The technical summary data is suggesting a short of CNNE as it gets near 20.52 with a downside target of 18.72. We should have a stop loss in place at 20.58though. 20.52 is the first level of resistance above 20.22, and by rule, any test of resistance is a short signal. In this case, if resistance 20.52 is being tested, so a short signal would exist.
Swing Trading Plans for CNNE
- Buy CNNE slightly over 20.68, target 22.24, Stop Loss @ 20.62 Details
If 20.68 begins to break higher, the technical summary data tells us to buy CNNE just slightly over 20.68, with an upside target of 22.24. The data also tells us to set a stop loss @ 20.62 in case the stock turns against the trade. 20.68 is the first level of resistance above 20.22, and by rule, any break above resistance is a buy signal. In this case, 20.68, 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 20.68, target 19.95, Stop Loss @ 20.74. Details
The technical summary data is suggesting a short of CNNE if it tests 20.68 with a downside target of 19.95. We should have a stop loss in place at 20.74 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, 20.68, 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 20.68, target 22.24, Stop Loss @ 20.63 Details
If 20.68 begins to break higher, the technical summary data tells us to buy CNNE just slightly over 20.68, with an upside target of 22.24. The data also tells us to set a stop loss @ 20.63 in case the stock turns against the trade. 20.68 is the first level of resistance above 20.22, and by rule, any break above resistance is a buy signal. In this case, 20.68, 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 20.68, target 19.99, Stop Loss @ 20.73. Details
The technical summary data is suggesting a short of CNNE if it tests 20.68 with a downside target of 19.99. We should have a stop loss in place at 20.73 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, 20.68, 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 May 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
18.72 |
| P2 |
19.99 |
19.95 |
20.52 |
| P3 |
20.56 |
20.68 |
22.24 |
AI Generated Signals for CNNE
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Cannae Holdings Inc. (NASDAQ: CNNE) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for CNNE can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CNNE:
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