EMPLOYERS HOLDINGS INC (EIG) Technical Analysis
NYSE:EIG • US2922181043
Current stock price
EIG Technical Rating and Analysis
Overall EIG gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, EIG is a bad performer in the overall market: 79% of all stocks are doing better.
- EIG is part of the Insurance industry. There are 148 other stocks in this industry, of which 61% are performing better than EIG.
- EIG is currently trading in the lower part 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.
- In the last month EIG has a been trading in the 37.99 - 42.45 range, which is quite wide. It is currently trading near the lows of this range.
EIG Weekly and Daily overview Charts
EIG Setup Rating and Analysis
Although the technical rating is bad, EIG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 38.61, a Stop Loss order could be placed below this zone.
More info and screens
EIG Support and Resistance Analysis
37.74
We found 1 important support area.
- A support zone ranging from 38.12 to 38.61. 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 39.43 to 40.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 42.24 to 42.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 44.60 to 45.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.18 from a horizontal line in the daily time frame.
EIG Technical Indicator Signal Analysis
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 | 21.13 | NEGATIVE | EIG has a low relative strength, it was outperformed by 78.87% 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) | 36.91 | NEUTRAL | The RSI value for EIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests EIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.72 | OVERSOLD | The low Stochastics value suggests EIG may be oversold. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for EIG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.49 | POSITIVE | The high ADX value value for EIG suggests a strong trend. |
EIG Chart- and CandleStick Pattern Analysis
EIG Technicals: Chart, Performance Metrics, Trend & Indicators
39.09
+0.22 (+0.57%)
EMPLOYERS HOLDINGS INC / EIG TA FAQ
Can you provide the ChartMill technical rating for EMPLOYERS HOLDINGS INC?
ChartMill assigns a technical rating of 0 / 10 to EIG.
Can you provide the trend direction for EMPLOYERS HOLDINGS INC?
The current trend direction for EMPLOYERS HOLDINGS INC (EIG) is Bearish.
What is the RSI signal for EIG stock?
EMPLOYERS HOLDINGS INC (EIG) has an RSI value of 36.9133. This indicates that the stock is currently neutral.
What is the short term momentum for EMPLOYERS HOLDINGS INC (EIG) stock?
The short term momentum for EMPLOYERS HOLDINGS INC (EIG) is negative.
Can you provide the buy/sell signal for EMPLOYERS HOLDINGS INC?
The buy/sell signal for EMPLOYERS HOLDINGS INC (EIG) is sell as both the short term and long term trends are negative.