HARTFORD INSURANCE GROUP INC (HIG) Stock Technical Analysis
USA - NYSE:HIG - US4165151048 - Common Stock
131.18 USD
+2.44 (+1.9%)
131.18 USD
0 (0%)
Taking everything into account, HIG scores 6 out of 10 in our technical rating. Although HIG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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.
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 1367990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, HIG outperforms 63% of them, which is more or less in line with the market.
HIG is an average performer in the Insurance industry, it outperforms 67% of 145 stocks in the same industry.
In the last month HIG has a been trading in a tight range between 127.93 and 135.00.
Although the technical rating is only medium, HIG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 130.51, a Stop Loss order could be placed below this zone.
More info and screens
117.03
136.06
2 important support areas can be observed.
- A support zone ranging from 129.19 to 130.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 118.21 to 120.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 131.48 to 131.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 134.02 to 134.71. 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 | NEUTRAL | NEUTRAL | The short term trend for HIG is neutral. |
| ChartMill Relative Strength | 63.83 | NEUTRAL | HIG is not amongst the best or worst performers 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 | 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) | 49 | NEUTRAL | The RSI value for HIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests HIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.22 | NEUTRAL | The Stochastics value for HIG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for HIG suggests low volalility. |
| Average Directional Index/ADX (14) | 16.23 | NEGATIVE | The low ADX value for HIG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 131.78 | 129.18 | 2.60 (1.97%) | 25.00% |
| An entry @131.78. This is a Buy Stop order right above the resistance zone. | An exit @129.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.60 points, which is 1.97%. | For a 0.49% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HIG. Please evaluate whether better entry and exit points can be found.
- 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.
131.18
+2.44 (+1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.9%
1 Week-1.97%
2 Weeks-1.66%
1 Month1.18%
3 Month6.77%
6 Month11.36%
12 Month7.52%
2 Year78.6%
3 Year81.16%
5 Year240.55%
10 Year183.57%
15 Year447.72%
Volatility
ATR(14)2.22
ATR(20)%1.59%
ATR Inc2.82%
Range Today2.53
ADR(20)2.04
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.83
Mansfield-0.19
10 Day High135
10 Day Low127.93
20 Day High135
20 Day Low127.93
52 Week High135.17
52 Week Low104.93
CS1 End130.51
CR1 Start131.48
Volume & EV
DER(3)-2.03%
DER(5)-1.28%
Volume1.34M
Volume Incr-8.45%
Vol(5)1.30M
Vol(50)1.37M