EMPLOYERS HOLDINGS INC (EIG) Stock Technical Analysis
NYSE:EIG • US2922181043
We assign a technical rating of 0 out of 10 to EIG. EIG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 79% of all other stocks performed better in the past year than EIG.
- EIG is one of the lesser performing stocks in the Insurance industry. 63% of 150 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 37.44 - 46.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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
39.80
2 important resistance areas can be observed.
- A resistance zone ranging from 41.82 to 43.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 45.00 to 46.18. 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 | 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 | 21.31 | NEGATIVE | EIG has a low relative strength, it was outperformed by 78.69% 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) | 35.59 | NEUTRAL | The RSI value for EIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests EIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.07 | NEUTRAL | The Stochastics value for EIG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for EIG suggests some volalility. |
| Average Directional Index/ADX (14) | 30.61 | POSITIVE | The high ADX value value for EIG suggests a strong trend. |
40.2
+0.99 (+2.52%)
EMPLOYERS HOLDINGS INC / EIG 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 35.5857. 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.