PROASSURANCE CORP (PRA) Technical Analysis
NYSE:PRA • US74267C1062
Current stock price
PRA Technical Rating and Analysis
Overall PRA gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PRA is only an average performer.
- 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.
- PRA is part of the Insurance industry. There are 148 other stocks in this industry. PRA outperforms 87% of them.
- PRA 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 PRA is performing more or less in line with the market.
- When comparing the performance of all stocks over the past year, PRA turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- In the last month PRA has a been trading in a tight range between 24.42 and 24.85.
PRA Weekly and Daily overview Charts
PRA Setup Rating and Analysis
Although the technical rating is only medium, PRA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 24.57, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
PRA Support and Resistance Analysis
18.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 24.28 to 24.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.77 to 23.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.77 to 22.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.03 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.60 to 24.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
PRA Technical Indicator Signal Analysis
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 | 60.96 | NEUTRAL | PRA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PRA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRA is above 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) | 51.39 | NEUTRAL | The RSI value for PRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PRA has a negative trend. |
| Stochastics (14,3) | 63.86 | NEUTRAL | The Stochastics value for PRA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for PRA suggests low volalility. |
| Average Directional Index/ADX (14) | 36.08 | POSITIVE | The high ADX value value for PRA suggests a strong trend. |
PRA Chart- and CandleStick Pattern Analysis
PRA Example Setup
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 |
|---|---|---|---|
| 24.76 | 24.41 | 0.35 (1.41%) | 25.00% |
| An entry @24.76. This is a Buy Stop order right above the resistance zone. | An exit @24.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.35 points, which is 1.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.35%. |
- 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.
PRA Technicals: Chart, Performance Metrics, Trend & Indicators
24.58
-0.14 (-0.57%)
PROASSURANCE CORP / PRA TA FAQ
What is the ChartMill technical rating of PROASSURANCE CORP (PRA) stock?
ChartMill assigns a technical rating of 6 / 10 to PRA.
What is the current trend direction of PROASSURANCE CORP (PRA) stock?
The current trend direction for PROASSURANCE CORP (PRA) is Bullish.
What is the RSI signal for PRA stock?
PROASSURANCE CORP (PRA) has an RSI value of 51.3938. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROASSURANCE CORP?
The MACD indicator for PROASSURANCE CORP (PRA) has a value of -0.000273726, indicating a bearish trend.