HAMILTON INSURANCE GROU-CL B (HG) Stock Technical Analysis
NYSE:HG - New York Stock Exchange, Inc. - BMG427061046 - Common Stock - Currency: USD
Taking everything into account, HG scores 9 out of 10 in our technical rating. 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 20.39 - 22.33 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that HG is one of the better performing stocks in the market, outperforming 82% of all 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 78% of 143 stocks in the same industry.
HG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HG is performing more or less in line with the market.
Besides having an excellent technical rating, HG also presents 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 very little resistance above the current price. There is a support zone below the current price at 20.84, a Stop Loss order could be placed below this zone.
More info and screens
16.87
21.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 20.84 to 20.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.14 from a horizontal line in the daily time frame.
- Support @18.32 from a trend line in the weekly time frame.
- Support @17.54 from a horizontal line in the daily time frame.
- Support @17.04 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for HG is neutral. |
| ChartMill Relative Strength | 82.58 | POSITIVE | HG has a high relative strength, it outperformed 82.58% 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 | 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) | 49.21 | NEUTRAL | The RSI value for HG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests HG has a negative trend. |
| Stochastics (14,3) | 31.45 | NEUTRAL | The Stochastics value for HG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for HG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.2 | 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)
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 |
|---|---|---|---|
| 21.77 | 20.83 | 0.94 (4.32%) | 23.16% |
| An entry @21.77. This is a Buy Stop order right above the resistance zone. | An exit @20.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 4.32%. | When investing 23.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of HG. Please evaluate whether better entry and exit points can be found.
- 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.
20.85
-0.55 (-2.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2.57%
1 Week-0.48%
2 Weeks-5.31%
1 Month-1.88%
3 Month0.53%
6 Month8.76%
12 Month31.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%2.72%
ATR Inc14.75%
Range Today0.55
ADR(20)0.5
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.58
Mansfield0.58
10 Day High22.2
10 Day Low20.56
20 Day High22.33
20 Day Low20.39
52 Week High22.33
52 Week Low15.19
CS1 End20.84
CR1 Start21.76
Volume & EV
DER(3)-2.85%
DER(5)-2.39%
Volume636.80K
Volume Incr-6.22%
Vol(5)470.21K
Vol(50)528.05K