EVEREST GROUP LTD (EG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EG - BMG3223R1088 - Common Stock
Overall EG gets a technical rating of 1 out of 10. EG'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.
EG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 304.91, a Stop Loss order could be placed below this zone.
More info and screens
301.85
When analyzing the support we notice one important area.
- 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.
- A resistance zone ranging from 328.62 to 335.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 347.75 to 349.13. 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 363.76. 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 | DOWN | NEGATIVE | The short term trend for EG is down. |
| ChartMill Relative Strength | 20.55 | NEGATIVE | EG has a low relative strength, it was outperformed by 79.45% 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) | DOWN | NEGATIVE | The current price of EG is below 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) | 40.31 | NEUTRAL | The RSI value for EG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests EG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.7 | NEUTRAL | The Stochastics value for EG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for EG suggests some volalility. |
| Average Directional Index/ADX (14) | 25.89 | POSITIVE | The high ADX value value for EG suggests a strong trend. |
312.03
-2.01 (-0.64%)
EVEREST GROUP LTD / EG FAQ
What is the ChartMill technical rating of EVEREST GROUP LTD (EG) stock?
ChartMill assigns a technical rating of 1 / 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 40.3129. 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 negative.
What is the support and resistance level for EG stock?
EVEREST GROUP LTD (EG) has a support level at 304.91 and a resistance level at 328.62. Check the full technical report for our detailed analysis of EG support and resistance levels.