EVEREST GROUP LTD (EG) Stock Technical Analysis
USA - NYSE:EG - BMG3223R1088 - Common Stock
349.16 USD
-1.79 (-0.51%)
349.16 USD
0 (0%)
Taking everything into account, EG scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EG is a bad performer.
71% of all other stocks performed better in the past year than EG.
The long and short term trends are both positive. This is looking good!
In the last month EG has a been trading in the 333.89 - 368.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EG is an average performer in the Insurance industry, it outperforms 46% of 147 stocks in the same industry.
EG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EG is lagging the market.
Although the technical rating is only medium, EG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 335.59, a Stop Loss order could be placed below this zone.
More info and screens
322.77
401.48
When analyzing the support we notice one important area.
- A support zone ranging from 326.03 to 335.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 350.49 to 356.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 363.76 to 364.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @373.00 from a horizontal line in the daily time frame.
- Resistance @397.50 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for EG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EG is up. |
| ChartMill Relative Strength | 29.47 | NEGATIVE | EG has a low relative strength, it was outperformed by 70.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.7 | NEUTRAL | The RSI value for EG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.02 | NEGATIVE | The MACD value suggests EG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.84 | NEUTRAL | The Stochastics value for EG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for EG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.83 | NEGATIVE | The low ADX value for EG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 356.87 | 338.92 | 17.95 (5.03%) | 19.88% |
| An entry @356.87. This is a Buy Stop order right above the resistance zone. | An exit @338.92. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 17.95 points, which is 5.03%. | For a 1.00% total portfolio risk, you can invest 19.88% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
349.16
-1.79 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.51%
1 Week-2.12%
2 Weeks-4.3%
1 Month3.32%
3 Month3.65%
6 Month-1.13%
12 Month-8.02%
2 Year-11.74%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.48
ATR(20)%2.39%
ATR Inc-54.56%
Range Today2.83
ADR(20)8.11
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.47
Mansfield-1.06
10 Day High368.29
10 Day Low338.93
20 Day High368.29
20 Day Low333.89
52 Week High392.78
52 Week Low320
CS1 End335.59
CR1 Start350.49
Volume & EV
DER(3)-2.52%
DER(5)-2.85%
Volume186.00K
Volume Incr-8.67%
Vol(5)311.92K
Vol(50)315.59K