PROASSURANCE CORP (PRA) Stock Technical Analysis
NYSE:PRA - US74267C1062 - Common Stock
23.71 USD
-0.09 (-0.38%)
23.71 USD
0 (0%)
We assign a technical rating of 8 out of 10 to PRA. 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, PRA did better than 89% of all other stocks. We also observe that the gains produced by PRA over the past year are nicely spread over this period.
PRA is part of the Insurance industry. There are 146 other stocks in this industry. PRA outperforms 91% of them.
PRA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PRA has a been trading in a tight range between 23.62 and 24.14.
Considerably lower volume is observed in the last couple of days.
PRA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.77. Right above this resistance zone may be a good entry point.
More info and screens
15.09
24.28
3 important support areas can be observed.
- A support zone ranging from 22.77 to 23.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.55 from a trend line in the weekly time frame.
- Support @15.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.77 to 24.04. This zone is formed by a combination of multiple trend lines and important moving averages 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 PRA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRA is neutral. |
| ChartMill Relative Strength | 89.91 | POSITIVE | PRA has a high relative strength, it outperformed 89.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PRA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.25 | NEUTRAL | The RSI value for PRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PRA has a negative trend. |
| Stochastics (14,3) | 27.44 | NEUTRAL | The Stochastics value for PRA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for PRA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for PRA 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 |
|---|---|---|---|
| 23.78 | 23.61 | 0.17 (0.71%) | 25.00% |
| An entry @23.78. This is a Buy Stop order right above the 10 day moving average. | An exit @23.61. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.17 points, which is 0.71%. | For a 0.18% 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 PRA. 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.
23.71
-0.09 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.38%
1 Week-0.17%
2 Weeks-0.59%
1 Month-0.96%
3 Month3.45%
6 Month50.92%
12 Month82.38%
2 Year25.52%
3 Year21.53%
5 Year51.6%
10 Year-51.68%
15 Year-17.66%
Volatility
ATR(14)0.11
ATR(20)%0.5%
ATR Inc3.34%
Range Today0.13
ADR(20)0.11
ADR(20)%0.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.91
Mansfield1.14
10 Day High23.87
10 Day Low23.62
20 Day High24.14
20 Day Low23.62
52 Week High24.14
52 Week Low13
CS1 End23.06
CR1 Start23.77
Volume & EV
DER(3)-1.02%
DER(5)-3.38%
Volume409.10K
Volume Incr-25.83%
Vol(5)371.05K
Vol(50)592.54K