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. Both in the recent history as in the last year, HG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, HG did better than 87% of all other stocks. On top of that, HG also shows a nice and consistent pattern of rising prices.
- HG is one of the better performing stocks in the Insurance industry, it outperforms 98% of 147 stocks in the same industry.
- A new 52 week high is currently being made by HG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- HG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
HG Weekly and Daily overview Charts
HG Setup Rating and Analysis
Although HG has an excellent technical rating, it does not present a decent entry opportunity 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
25.42
5 important support areas can be observed.
- A support zone ranging from 29.81 to 30.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.24 from a trend line in the weekly time frame.
- A support zone ranging from 28.19 to 28.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.00 from a trend line in the daily time frame.
- Support @25.68 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 32.46 to 32.80. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 87.35 | POSITIVE | HG has a high relative strength, it outperformed 87.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HG is below 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) | 51.62 | NEUTRAL | The RSI value for HG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests HG has a negative trend. |
| Stochastics (14,3) | 61.34 | NEUTRAL | The Stochastics value for HG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for HG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for HG suggests a strong trend. |
HG Chart- and CandleStick Pattern Analysis
HG Technicals: Chart, Performance Metrics, Trend & Indicators
31.58
-1.19 (-3.63%)
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 51.6207. 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 30.54 and a resistance level at 32.46. Check the full technical report for our detailed analysis of HG support and resistance levels.