EMPLOYERS HOLDINGS INC (EIG) Stock Technical Analysis
USA - NYSE:EIG - US2922181043 - Common Stock
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.
EIG has a poor technical rating and the quality of the setup is also not perfect 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
38.86
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 41.08 to 41.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.60 to 43.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 43.69 to 43.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @45.55 from a trend line in the weekly time frame.
- Resistance @48.23 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 | 17.76 | NEGATIVE | EIG has a low relative strength, it was outperformed by 82.24% 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) | 45.13 | NEUTRAL | The RSI value for EIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests EIG has a positive trend. |
| Stochastics (14,3) | 58.46 | NEUTRAL | The Stochastics value for EIG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for EIG suggests some volalility. |
| Average Directional Index/ADX (14) | 32.28 | POSITIVE | The high ADX value value for EIG suggests a strong trend. |
39.25
+0.03 (+0.08%)
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.
What is the current trend direction of EMPLOYERS HOLDINGS INC (EIG) stock?
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 45.1286. This indicates that the stock is currently neutral.
What is the MACD signal for EIG stock?
The MACD indicator for EMPLOYERS HOLDINGS INC (EIG) has a value of 0.114195, indicating a bearish trend.
What is the support and resistance level for EIG stock?
EMPLOYERS HOLDINGS INC (EIG) has a resistance level at 41.08. Check the full technical report for our detailed analysis of EIG support and resistance levels.