EMPLOYERS HOLDINGS INC (EIG) Stock Technical Analysis
NYSE:EIG - New York Stock Exchange, Inc. - US2922181043 - Common Stock - Currency: USD
Taking everything into account, EIG scores 3 out of 10 in our technical rating. EIG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, EIG turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
EIG is an average performer in the Insurance industry, it outperforms 58% of 143 stocks in the same industry.
EIG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EIG is lagging the market slightly.
In the last month EIG has a been trading in a tight range between 47.55 and 50.37.
Although the technical rating is bad, EIG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 48.84, a Stop Loss order could be placed below this zone.
More info and screens
45.61
54.44
3 important support areas can be observed.
- A support zone ranging from 48.65 to 48.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.45 to 47.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.07 to 46.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 48.94 to 49.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.98 to 50.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @51.41 from a horizontal line in the daily time frame.
- A resistance zone ranging from 53.38 to 53.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 EIG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EIG is neutral. |
| ChartMill Relative Strength | 68.26 | NEUTRAL | EIG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EIG is below the rising 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) | UP | MIXED | The current price of EIG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.75 | NEUTRAL | The RSI value for EIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.31 | NEUTRAL | The Stochastics value for EIG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for EIG suggests low volalility. |
| Average Directional Index/ADX (14) | 11.76 | 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)
48.87
+0.52 (+1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.08%
1 Week0.43%
2 Weeks1.66%
1 Month0.58%
3 Month-5.66%
6 Month-8.41%
12 Month15.86%
2 Year35.15%
3 Year18.02%
5 Year63.5%
10 Year116.05%
15 Year206.4%
Volatility
ATR(14)0.84
ATR(20)%1.95%
ATR Inc-0.2%
Range Today0.64
ADR(20)0.9
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.26
Mansfield-0.22
10 Day High49.91
10 Day Low47.9
20 Day High50.37
20 Day Low47.56
52 Week High54.44
52 Week Low40.66
CS1 End48.84
CR1 Start48.94
Volume & EV
DER(3)2.62%
DER(5)2.74%
Volume137.60K
Volume Incr-14.2%
Vol(5)137.54K
Vol(50)177.44K