HARTFORD INSURANCE GROUP INC (HIG) Stock Technical Analysis
NYSE:HIG - New York Stock Exchange, Inc. - US4165151048 - Common Stock - Currency: USD
Overall HIG gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month HIG has a been trading in the 123.79 - 131.59 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that HIG is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by HIG over the past year are nicely spread over this period.
HIG is part of the Insurance industry. There are 143 other stocks in this industry. HIG outperforms 71% 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 has an average volume of 1539410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although the technical rating is only medium, HIG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
109.78
133.00
When analyzing the support we can see 3 important areas.
- Support @119.22 from a trend line in the weekly time frame.
- A support zone ranging from 112.81 to 113.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @110.89 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 125.99 to 127.85. 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 131.13 to 131.68. 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 | DOWN | NEGATIVE | The short term trend for HIG is down. |
| ChartMill Relative Strength | 79.43 | POSITIVE | HIG has a high relative strength, it outperformed 79.43% off all stocks 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 | 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) | 43.95 | NEUTRAL | The RSI value for HIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests HIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.87 | NEUTRAL | The Stochastics value for HIG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for HIG suggests low volalility. |
| Average Directional Index/ADX (14) | 15.04 | 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 |
|---|---|---|---|
| 127.86 | 123.78 | 4.08 (3.19%) | 25.00% |
| An entry @127.86. This is a Buy Stop order right above the resistance zone. | An exit @123.78. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.08 points, which is 3.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- 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.
124.9
-0.63 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.5%
1 Week0.43%
2 Weeks-2.38%
1 Month-4.81%
3 Month4.74%
6 Month14.1%
12 Month21.33%
2 Year73.42%
3 Year90.89%
5 Year224%
10 Year200.46%
15 Year464.39%
Volatility
ATR(14)2.08
ATR(20)%1.62%
ATR Inc-34.89%
Range Today1.56
ADR(20)1.96
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.43
Mansfield0.37
10 Day High129.71
10 Day Low123.79
20 Day High131.6
20 Day Low123.79
52 Week High132.09
52 Week Low98.16
CS1 End119.22
CR1 Start125.99
Volume & EV
DER(3)0.19%
DER(5)0.71%
Volume1.47M
Volume Incr-19.64%
Vol(5)1.26M
Vol(50)1.54M