HAMILTON INSURANCE GROU-CL B (HG) Technical Analysis
NYSE:HG • BMG427061046
We assign a technical rating of 9 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 27.12 - 32.21 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about 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 83% 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 149 other stocks in this industry. HG outperforms 94% of them.
- 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.
Although HG has an excellent technical rating, it does not offer a high quality setup 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
21.29
When analyzing the support we can see 4 important areas.
- Support @28.05 from a trend line in the daily time frame.
- Support @27.52 from a trend line in the weekly time frame.
- A support zone ranging from 25.68 to 26.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.51 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.
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 | 83.84 | POSITIVE | HG has a high relative strength, it outperformed 83.84% 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) | 40.69 | NEUTRAL | The RSI value for HG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests HG has a negative trend. |
| Stochastics (14,3) | 50.32 | NEUTRAL | The Stochastics value for HG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for HG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.54 | NEUTRAL | The ADX value for HG suggests a possible start of a new trend. |
HG Technicals: Chart, Performance Metrics, Trend & Indicators
28.6
-1.94 (-6.35%)
HAMILTON INSURANCE GROU-CL B / HG FAQ
What is the technical rating for HG stock?
ChartMill assigns a technical rating of 9 / 10 to HG.
What is the trend direction for HG stock?
The current trend direction for HAMILTON INSURANCE GROU-CL B (HG) is Bullish.
Can you provide the RSI signal for HAMILTON INSURANCE GROU-CL B?
HAMILTON INSURANCE GROU-CL B (HG) has an RSI value of 40.6887. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HAMILTON INSURANCE GROU-CL B?
The MACD indicator for HAMILTON INSURANCE GROU-CL B (HG) has a value of -0.263638, indicating a bearish trend.