EVEREST GROUP LTD (EG) Stock Technical Analysis
NYSE:EG - BMG3223R1088 - Common Stock
341.88 USD
+2 (+0.59%)
341.88 USD
0 (0%)
Taking everything into account, EG scores 5 out of 10 in our technical rating. In the last year, EG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, EG is a bad performer in the overall market: 82% of all stocks are doing better.
EG is one of the lesser performing stocks in the Insurance industry. 68% of 146 stocks in the same industry do better.
EG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month EG has a been trading in the 325.00 - 352.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 341.04, a Stop Loss order could be placed below this zone.
More info and screens
322.77
418.39
When analyzing the support we notice one important area.
- A support zone ranging from 326.03 to 341.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 343.95 to 348.33. 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.
- Resistance @414.25 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 | NEUTRAL | NEUTRAL | The long term trend for EG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EG is up. |
| ChartMill Relative Strength | 18.76 | NEGATIVE | EG has a low relative strength, it was outperformed by 81.24% off all stocks 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) | UP | POSITIVE | The current price of EG is above the rising 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) | 55.21 | NEUTRAL | The RSI value for EG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests EG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.92 | NEUTRAL | The Stochastics value for EG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for EG suggests low volalility. |
| Average Directional Index/ADX (14) | 19.33 | 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)
341.88
+2 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.59%
1 Week-0.6%
2 Weeks3.03%
1 Month3.18%
3 Month-1.53%
6 Month-3.21%
12 Month-12.84%
2 Year-5.21%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.96
ATR(20)%1.67%
ATR Inc-8.26%
Range Today3.5
ADR(20)5.53
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.76
Mansfield-1.25
10 Day High352.76
10 Day Low330
20 Day High352.76
20 Day Low325
52 Week High407.3
52 Week Low320
CS1 End341.04
CR1 Start343.95
Volume & EV
DER(3)-1.46%
DER(5)-1.16%
Volume220.90K
Volume Incr-28.43%
Vol(5)235.74K
Vol(50)337.80K