HARTFORD FINANCIAL SVCS GRP (HIG)       75.06  -0.91 (-1.2%)

75.06  -0.91 (-1.2%)

US4165151048 - Common Stock - After market: 75.06 0 (0%)

Technical Rating

8

Overall HIG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HIG is only an average performer.



The long and short term trends are both positive. This is looking good!
HIG is one of the better performing stocks in the Insurance industry, it outperforms 78% of 138 stocks in the same industry.
HIG is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month HIG has a been trading in the 71.43 - 76.09 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
HIG has an average volume of 1791850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, HIG did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Statistics

1 Month 3 Months 6 Months 12 Months 4.02% 15.49% 4.42% 12.64% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 90.85 60.165 - 76.09
HIG Weekly chart
HIG Daily chart

Support/Resistance Analysis


60.24

76.73
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 73.61 to 75.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @71.91 from a horizontal line in the daily time frame.
  • Support @63.54 from a trend line in the weekly time frame.
  • A support zone ranging from 60.85 to 61.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 75.35 to 75.97. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

Besides having an excellent technical rating, HIG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 75.35. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
75.9873.602.38 (3.13%)25.00%
An entry @75.98. This is a Buy Stop order right above the resistance zone.An exit @73.60. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.38 points, which is 3.13%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%.

  • 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 Daily chart

HARTFORD FINANCIAL SVCS GRP75.06

NYSE:HIG (11/28/2022, 7:04:00 PM)-0.91 (-1.2%)

After market: 75.06 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Insurance
Performance
Today -1.2% 1 Week 1.86%
2 Weeks 1.94% 1 Month 4.02%
3 Month 15.49% 6 Month 4.42%
Volatility
ATR(14) 1.47 ATR(20)% 2%
ATR Inc -44.32% Range Today 1.12
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 90.85 Mansfield 1.34
10 Day High 76.09 10 Day Low 72.17
20 Day High 76.09 20 Day Low 71.43
52 Week High 76.09 52 Week Low 60.17
CS1 End 75.05 CR1 Start 75.35
Volume & EV
DER(3) 1.98% DER(5) 2.22%
Volume 1.22M Volume Incr -18.77%
Vol(5) 1.53M Vol(50) 1.79M

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