HARTFORD INSURANCE GROUP INC (HIG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HIG - US4165151048 - Common Stock
We assign a technical rating of 2 out of 10 to HIG. HIG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month HIG has a been trading in the 130.41 - 140.50 range, which is quite wide. It is currently trading near the lows of this range.
- HIG is one of the better performing stocks in the Insurance industry, it outperforms 80% of 146 stocks in the same industry.
- 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.
- HIG has an average volume of 1464750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, HIG turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
The technical rating of HIG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
118.53
3 important support areas can be observed.
- A support zone ranging from 127.04 to 128.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 122.08 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 133.78 to 139.73. 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 | NEUTRAL | NEUTRAL | The long term trend for HIG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIG is down. |
| ChartMill Relative Strength | 68.63 | NEUTRAL | HIG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HIG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HIG is below 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) | 34.07 | NEUTRAL | The RSI value for HIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.02 | NEGATIVE | The MACD value suggests HIG has a negative trend. |
| Stochastics (14,3) | 5.97 | OVERSOLD | The low Stochastics value suggests HIG may be oversold. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for HIG suggests low volalility. |
| Average Directional Index/ADX (14) | 21.58 | NEUTRAL | The ADX value for HIG suggests a possible start of a new trend. |
130.82
-1.11 (-0.84%)
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 2 / 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 Bearish.
What is the RSI signal for HIG stock?
HARTFORD INSURANCE GROUP INC (HIG) has an RSI value of 34.0739. 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 negative.
What is the support and resistance level for HIG stock?
HARTFORD INSURANCE GROUP INC (HIG) has a support level at 128.86 and a resistance level at 133.78. Check the full technical report for our detailed analysis of HIG support and resistance levels.