HAMILTON INSURANCE GROU-CL B (HG) Technical Analysis
NYSE:HG • BMG427061046
Current stock price
HG Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to HG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that HG is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by HG over the past year are nicely spread over this period.
- HG is part of the Insurance industry. There are 148 other stocks in this industry. HG outperforms 99% of them.
- HG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month HG has a been trading in the 28.06 - 31.75 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
HG Weekly and Daily overview Charts
HG Setup Rating and Analysis
HG has an excellent technical rating, but the quality of the setup is only medium 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
HG Support and Resistance Analysis
19.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.19 to 30.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.90 from a trend line in the daily time frame.
- Support @25.68 from a horizontal line in the daily time frame.
- Support @20.03 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.59 to 31.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
HG 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 | UP | POSITIVE | The long term trend for HG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HG is up. |
| ChartMill Relative Strength | 88.86 | POSITIVE | HG has a high relative strength, it outperformed 88.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.1 | NEUTRAL | The RSI value for HG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests HG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.59 | OVERBOUGHT | The high Stochastics value suggests HG may be overbought. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for HG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.66 | NEGATIVE | The low ADX value for HG suggests a weak or negative trend. |
HG Chart- and CandleStick Pattern Analysis
HG Technicals: Chart, Performance Metrics, Trend & Indicators
30.87
-0.35 (-1.12%)
HAMILTON INSURANCE GROU-CL B / HG TA FAQ
What is the technical rating for HG stock?
ChartMill assigns a technical rating of 10 / 10 to HG.
What is the trend direction for HG stock?
The current trend direction for HAMILTON INSURANCE GROU-CL B (HG) is Bullish.
What is the RSI signal for HG stock?
HAMILTON INSURANCE GROU-CL B (HG) has an RSI value of 60.0969. This indicates that the stock is currently neutral.
What is the short term momentum for HAMILTON INSURANCE GROU-CL B (HG) stock?
The short term momentum for HAMILTON INSURANCE GROU-CL B (HG) is positive.
Can you provide the support and resistance levels for HAMILTON INSURANCE GROU-CL B?
HAMILTON INSURANCE GROU-CL B (HG) has a support level at 30.23 and a resistance level at 31.59. Check the full technical report for our detailed analysis of HG support and resistance levels.