HAMILTON INSURANCE GROU-CL B (HG) Stock Technical Analysis
NYSE:HG - New York Stock Exchange, Inc. - BMG427061046 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to HG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month HG has a been trading in the 20.44 - 22.02 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, HG did better than 78% of all other stocks.
HG is part of the Insurance industry. There are 145 other stocks in this industry. HG outperforms 86% of them.
HG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HG is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although the technical rating is only medium, HG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
16.87
21.98
When analyzing the support we can see 4 important areas.
- Support @19.14 from a horizontal line in the daily time frame.
- Support @18.58 from a trend line in the weekly time frame.
- A support zone ranging from 17.46 to 17.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.04 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.61 to 21.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.76 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for HG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HG is down. |
| ChartMill Relative Strength | 78.18 | POSITIVE | HG has a high relative strength, it outperformed 78.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HG is below 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) | 42.42 | NEUTRAL | The RSI value for HG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests HG has a negative trend. |
| Stochastics (14,3) | 14.87 | OVERSOLD | The low Stochastics value suggests HG may be oversold. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for HG suggests some volalility. |
| Average Directional Index/ADX (14) | 11.47 | NEGATIVE | The low ADX value for HG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.53
-0.08 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.39%
1 Week-4.02%
2 Weeks-5.17%
1 Month-1.82%
3 Month17.58%
6 Month10.2%
12 Month23.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%2.43%
ATR Inc-5.51%
Range Today0.3
ADR(20)0.46
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.18
Mansfield-0.1
10 Day High22.02
10 Day Low20.44
20 Day High22.02
20 Day Low20.44
52 Week High22.33
52 Week Low15.31
CS1 End19.14
CR1 Start20.61
Volume & EV
DER(3)-4.13%
DER(5)-5.97%
Volume549.10K
Volume Incr-14.97%
Vol(5)465.76K
Vol(50)512.60K