INTERNATIONAL GENERAL INSURA (IGIC) Stock Technical Analysis
NASDAQ:IGIC - Nasdaq - BMG4809J1062 - Common Stock - Currency: USD
We assign a technical rating of 3 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.
In the last month IGIC has a been trading in the 23.04 - 24.63 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, IGIC did better than 75% of all other stocks.
IGIC is one of the better performing stocks in the Insurance industry, it outperforms 84% of 143 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
IGIC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IGIC is lagging the market.
Although the technical rating is bad, IGIC does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
21.08
27.04
4 important support areas can be observed.
- Support @22.96 from a trend line in the weekly time frame.
- Support @22.46 from a trend line in the daily time frame.
- Support @22.00 from a horizontal line in the weekly time frame.
- 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 3 important resistance areas.
- A resistance zone ranging from 23.43 to 24.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.74 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.
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 | 75.91 | POSITIVE | IGIC has a high relative strength, it outperformed 75.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IGIC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IGIC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IGIC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.69 | NEUTRAL | The RSI value for IGIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests IGIC has a negative trend. |
| Stochastics (14,3) | 33.63 | NEUTRAL | The Stochastics value for IGIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for IGIC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.47 | 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)
23.4
+0.08 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.34%
1 Week-2.58%
2 Weeks1.34%
1 Month-2.58%
3 Month-8.41%
6 Month-6.66%
12 Month43.38%
2 Year141.24%
3 Year222.76%
5 Year260%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%2.37%
ATR Inc8.25%
Range Today0.43
ADR(20)0.55
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.91
Mansfield-0.66
10 Day High24.63
10 Day Low23.11
20 Day High24.63
20 Day Low23.04
52 Week High27.76
52 Week Low15
CS1 End22.96
CR1 Start23.43
Volume & EV
DER(3)-2.6%
DER(5)-2.66%
Volume131.91K
Volume Incr-13.63%
Vol(5)110.90K
Vol(50)129.53K