HARTFORD INSURANCE GROUP INC (HIG) Technical Analysis
NYSE:HIG • US4165151048
Taking everything into account, HIG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HIG is showing a nice and steady performance.
- 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.
- Looking at the yearly performance, HIG did better than 73% of all other 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 86% of them.
- HIG 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 HIG is performing more or less in line with the market.
- HIG 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.
- HIG has an average volume of 1546700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, HIG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 141.23. Right above this resistance zone may be a good entry point.
More info and screens
118.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 129.43 to 131.84. 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 141.23 to 143.54. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for HIG is neutral. |
| ChartMill Relative Strength | 73.83 | POSITIVE | HIG has a high relative strength, it outperformed 73.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HIG is below 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) | 55.86 | NEUTRAL | The RSI value for HIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests HIG has a negative trend. |
| Stochastics (14,3) | 46.75 | NEUTRAL | The Stochastics value for HIG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for HIG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.67 | NEUTRAL | The ADX value for HIG suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 143.55 | 138.74 | 4.81 (3.35%) | 25.00% |
| An entry @143.55. This is a Buy Stop order right above the resistance zone. | An exit @138.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.81 points, which is 3.35%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
HIG Technicals: Chart, Performance Metrics, Trend & Indicators
141.08
-0.78 (-0.55%)
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 9 / 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 55.8648. 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 neutral.
What is the support and resistance level for HIG stock?
HARTFORD INSURANCE GROUP INC (HIG) has a support level at 131.84 and a resistance level at 141.23. Check the full technical report for our detailed analysis of HIG support and resistance levels.