EVEREST GROUP LTD (EG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EG - BMG3223R1088 - Common Stock
We assign a technical rating of 2 out of 10 to EG. Recently some decent action could be observed, but in the medium term time frame this is still negative. EG was also a bad performer in the overall market in the last year.
The technical rating of EG is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
301.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 323.44 to 328.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @309.96 from a horizontal line in the weekly time frame.
- A support zone ranging from 304.90 to 304.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @335.59 from a horizontal line in the daily time frame.
- A resistance zone ranging from 346.23 to 348.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @356.86 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 363.76 to 365.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for EG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EG is up. |
| ChartMill Relative Strength | 30.14 | NEUTRAL | EG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.45 | NEUTRAL | The RSI value for EG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.76 | POSITIVE | The MACD value suggests EG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.73 | OVERBOUGHT | The high Stochastics value suggests EG may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for EG suggests low volalility. |
| Average Directional Index/ADX (14) | 24.57 | NEUTRAL | The ADX value for EG suggests a possible start of a new trend. |
331.31
-1.21 (-0.36%)
EVEREST GROUP LTD / EG FAQ
What is the ChartMill technical rating of EVEREST GROUP LTD (EG) stock?
ChartMill assigns a technical rating of 2 / 10 to EG.
What is the trend direction for EG stock?
The current trend direction for EVEREST GROUP LTD (EG) is Bearish.
What is the RSI signal for EVEREST GROUP LTD (EG) stock?
EVEREST GROUP LTD (EG) has an RSI value of 61.452. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EVEREST GROUP LTD?
The short term momentum for EVEREST GROUP LTD (EG) is positive.
What is the support and resistance level for EG stock?
EVEREST GROUP LTD (EG) has a support level at 328.07 and a resistance level at 335.59. Check the full technical report for our detailed analysis of EG support and resistance levels.