HARTFORD INSURANCE GROUP INC (HIG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:HIG • US4165151048
We assign a technical rating of 10 out of 10 to HIG. Both in the recent history as in the last year, HIG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 HIG is one of the better performing stocks in the market, outperforming 74% of all stocks. On top of that, HIG also shows a nice and consistent pattern of rising prices.
- HIG is part of the Insurance industry. There are 149 other stocks in this industry. HIG outperforms 87% of them.
- HIG 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 HIG is lagging the market slightly.
- In the last month HIG has a been trading in the 127.62 - 144.50 range, which is quite wide. It is currently trading near the high of this range.
- HIG has an average volume of 1555530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although HIG 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
118.53
When analyzing the support we can see 4 important areas.
- A support zone ranging from 134.13 to 135.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 129.43 to 130.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 122.35 to 124.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @119.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 142.57 to 142.57. 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 HIG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HIG is up. |
| ChartMill Relative Strength | 74.98 | POSITIVE | HIG has a high relative strength, it outperformed 74.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HIG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HIG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HIG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.69 | NEUTRAL | The RSI value for HIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.16 | POSITIVE | The MACD value suggests HIG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.39 | OVERBOUGHT | The high Stochastics value suggests HIG may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for HIG suggests low volalility. |
| Average Directional Index/ADX (14) | 29.87 | POSITIVE | The high ADX value value for HIG suggests a strong trend. |
141.63
+2.25 (+1.61%)
HARTFORD INSURANCE GROUP INC / HIG FAQ
What is the ChartMill technical rating of HARTFORD INSURANCE GROUP INC (HIG) stock?
ChartMill assigns a technical rating of 10 / 10 to HIG.
What is the current trend direction of HARTFORD INSURANCE GROUP INC (HIG) stock?
The current trend direction for HARTFORD INSURANCE GROUP INC (HIG) is Bullish.
What is the RSI signal for HIG stock?
HARTFORD INSURANCE GROUP INC (HIG) has an RSI value of 64.6855. This indicates that the stock is currently neutral.
What is the short term momentum for HARTFORD INSURANCE GROUP INC (HIG) stock?
The short term momentum for HARTFORD INSURANCE GROUP INC (HIG) is positive.
What is the support and resistance level for HIG stock?
HARTFORD INSURANCE GROUP INC (HIG) has a support level at 135.55 and a resistance level at 142.57. Check the full technical report for our detailed analysis of HIG support and resistance levels.