BOWHEAD SPECIALTY HOLDINGS I (BOW) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BOW • US10240L1026
We assign a technical rating of 1 out of 10 to BOW. BOW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 83% of all other stocks performed better in the past year than BOW.
- BOW is one of the lesser performing stocks in the Insurance industry. 73% of 149 stocks in the same industry do better.
- BOW is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- BOW is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, BOW does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 23.96, a Stop Loss order could be placed below this zone.
More info and screens
23.55
When analyzing the support we notice one important area.
- A support zone ranging from 23.79 to 23.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.84 to 26.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for BOW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOW is down. |
| ChartMill Relative Strength | 17.25 | NEGATIVE | BOW has a low relative strength, it was outperformed by 82.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BOW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BOW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BOW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.84 | NEUTRAL | The RSI value for BOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.88 | NEUTRAL | The Stochastics value for BOW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for BOW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.76 | NEGATIVE | The low ADX value for BOW suggests a weak or negative trend. |
24.68
-0.39 (-1.56%)
BOWHEAD SPECIALTY HOLDINGS I / BOW FAQ
Can you provide the ChartMill technical rating for BOWHEAD SPECIALTY HOLDINGS I?
ChartMill assigns a technical rating of 1 / 10 to BOW.
What is the trend direction for BOW stock?
The current trend direction for BOWHEAD SPECIALTY HOLDINGS I (BOW) is Bearish.
Can you provide the RSI signal for BOWHEAD SPECIALTY HOLDINGS I?
BOWHEAD SPECIALTY HOLDINGS I (BOW) has an RSI value of 43.8407. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for BOWHEAD SPECIALTY HOLDINGS I?
The buy/sell signal for BOWHEAD SPECIALTY HOLDINGS I (BOW) is sell as both the short term and long term trends are negative.
What is the support and resistance level for BOW stock?
BOWHEAD SPECIALTY HOLDINGS I (BOW) has a support level at 23.96 and a resistance level at 24.84. Check the full technical report for our detailed analysis of BOW support and resistance levels.