EMPLOYERS HOLDINGS INC (EIG) Stock Technical Analysis
USA - NYSE:EIG - US2922181043 - Common Stock
40.68 USD
-0.93 (-2.24%)
40.68 USD
0 (0%)
Taking everything into account, EIG scores 0 out of 10 in our technical rating. EIG'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.
84% of all other stocks performed better in the past year than EIG.
EIG is one of the lesser performing stocks in the Insurance industry. 74% of 145 stocks in the same industry do better.
EIG 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.
In the last month EIG has a been trading in the 40.20 - 42.94 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of EIG 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
38.73
47.93
When analyzing the support we notice one important area.
- A support zone ranging from 39.12 to 39.12. 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 41.91 to 42.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 43.69 to 44.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @46.19 from a trend line in the weekly time frame.
- Resistance @47.46 from a horizontal line in the daily 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 EIG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EIG is down. |
| ChartMill Relative Strength | 16.28 | NEGATIVE | EIG has a low relative strength, it was outperformed by 83.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EIG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EIG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EIG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.41 | NEUTRAL | The RSI value for EIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests EIG has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for EIG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for EIG suggests low volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for EIG 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)
40.68
-0.93 (-2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2.24%
1 Week-2.54%
2 Weeks-3.51%
1 Month-4.93%
3 Month-12.37%
6 Month-16.05%
12 Month-17.6%
2 Year7.05%
3 Year-6.72%
5 Year27.09%
10 Year53.68%
15 Year151.27%
Volatility
ATR(14)0.68
ATR(20)%1.65%
ATR Inc101.97%
Range Today0.99
ADR(20)0.64
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.28
Mansfield-2.26
10 Day High42.94
10 Day Low40.2
20 Day High42.94
20 Day Low40.2
52 Week High54.44
52 Week Low38.19
CS1 End39.12
CR1 Start41.91
Volume & EV
DER(3)-0.53%
DER(5)-0.01%
Volume136.90K
Volume Incr-37.25%
Vol(5)126.46K
Vol(50)182.07K