EMPLOYERS HOLDINGS INC (EIG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EIG - US2922181043 - Common Stock
Taking everything into account, EIG scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EIG is a bad performer.
- 70% of all other stocks performed better in the past year than EIG.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- EIG is an average performer in the Insurance industry, it outperforms 50% of 149 stocks in the same industry.
- EIG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EIG is lagging the market.
- In the last month EIG has a been trading in the 42.42 - 45.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EIG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 45.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.63, a Stop Loss order could be placed below this zone.
More info and screens
42.20
When analyzing the support we notice one important area.
- A support zone ranging from 42.63 to 43.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.61 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 | UP | POSITIVE | The long term trend for EIG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EIG is neutral. |
| ChartMill Relative Strength | 30.26 | 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) | UP | POSITIVE | The current price of EIG is above the rising 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) | 51.44 | NEUTRAL | The RSI value for EIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests EIG has a negative trend. |
| Stochastics (14,3) | 45.39 | NEUTRAL | The Stochastics value for EIG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for EIG suggests low volalility. |
| Average Directional Index/ADX (14) | 35.03 | POSITIVE | The high ADX value value for EIG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.62 | 43.00 | 1.62 (3.64%) | 25.00% |
| An entry @44.62. This is a Buy Stop order right above the 10 day moving average. | An exit @43.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.62 points, which is 3.64%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
43.64
-0.57 (-1.29%)
EMPLOYERS HOLDINGS INC / EIG FAQ
Can you provide the ChartMill technical rating for EMPLOYERS HOLDINGS INC?
ChartMill assigns a technical rating of 6 / 10 to EIG.
Can you provide the trend direction for EMPLOYERS HOLDINGS INC?
The current trend direction for EMPLOYERS HOLDINGS INC (EIG) is Bullish.
What is the RSI signal for EIG stock?
EMPLOYERS HOLDINGS INC (EIG) has an RSI value of 51.4386. 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 neutral.