INTERNATIONAL GENERAL INSURA (IGIC) Stock Technical Analysis
NASDAQ:IGIC - Nasdaq - BMG4809J1062 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to IGIC. Although IGIC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that IGIC is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by IGIC over the past year are nicely spread over this period.
IGIC is part of the Insurance industry. There are 144 other stocks in this industry. IGIC outperforms 90% of them.
IGIC 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 IGIC is lagging the market slightly.
In the last month IGIC has a been trading in the 21.91 - 24.12 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, IGIC does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
21.08
27.63
We found 2 important support areas.
- A support zone ranging from 22.00 to 22.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.29 to 21.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- Resistance @24.09 from a horizontal line in the daily time frame.
- Resistance @25.24 from a trend line in the daily time frame.
- A resistance zone ranging from 26.60 to 26.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.36 from a horizontal line in the daily time frame.
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 IGIC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGIC is neutral. |
| ChartMill Relative Strength | 89.38 | POSITIVE | IGIC has a high relative strength, it outperformed 89.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IGIC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IGIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.49 | NEUTRAL | The RSI value for IGIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests IGIC has a positive trend. |
| Stochastics (14,3) | 84.99 | OVERBOUGHT | The high Stochastics value suggests IGIC may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for IGIC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.95 | NEGATIVE | The low ADX value for IGIC 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 |
|---|---|---|---|
| 24.10 | 21.90 | 2.20 (9.13%) | 10.95% |
| An entry @24.10. This is a Buy Stop order right above the resistance zone. | An exit @21.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.20 points, which is 9.13%. | When investing 10.95% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NASDAQ:IGIC (6/30/2025, 12:08:56 PM)
23.99
-0.06 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.25%
1 Week9.32%
2 Weeks1.56%
1 Month3.62%
3 Month-7.07%
6 Month0.88%
12 Month71.79%
2 Year169.02%
3 Year208.33%
5 Year248.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%2.63%
ATR Inc-0.54%
Range Today0.16
ADR(20)0.63
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.38
Mansfield0.16
10 Day High24.12
10 Day Low21.91
20 Day High24.12
20 Day Low21.91
52 Week High27.76
52 Week Low13.91
CS1 End22.1
CR1 Start24.09
Volume & EV
DER(3)2.96%
DER(5)2.47%
Volume25.40K
Volume Incr48.9%
Vol(5)205.02K
Vol(50)143.98K