PROASSURANCE CORP (PRA) Stock Technical Analysis
NYSE:PRA - New York Stock Exchange, Inc. - US74267C1062 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to PRA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRA is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PRA is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, PRA also shows a nice and consistent pattern of rising prices.
PRA is one of the better performing stocks in the Insurance industry, it outperforms 95% of 143 stocks in the same industry.
PRA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PRA is leading the market.
In the last month PRA has a been trading in a tight range between 23.00 and 23.32.
Considerably lower volume is observed in the last couple of days.
Although PRA has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.23
23.59
5 important support areas can be observed.
- A support zone ranging from 22.88 to 22.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.40 from a trend line in the weekly time frame.
- A support zone ranging from 14.93 to 15.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.68 from a trend line in the weekly time frame.
- Support @14.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.06 to 23.36. 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 | UP | POSITIVE | The short term trend for PRA is up. |
| ChartMill Relative Strength | 95.93 | POSITIVE | PRA has a high relative strength, it outperformed 95.93% off all stocks 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) | DOWN | NEGATIVE | The current price of PRA is below a declining 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) | 50.99 | NEUTRAL | The RSI value for PRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PRA has a negative trend. |
| Stochastics (14,3) | 15.94 | OVERSOLD | The low Stochastics value suggests PRA may be oversold. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for PRA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.19 | POSITIVE | The high ADX value value for PRA suggests a strong 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)
22.92
-0.11 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.48%
1 Week-0.56%
2 Weeks-0.52%
1 Month0.17%
3 Month46.59%
6 Month38.32%
12 Month84.54%
2 Year52.62%
3 Year-2.54%
5 Year59.16%
10 Year-50.16%
15 Year-18.85%
Volatility
ATR(14)0.09
ATR(20)%0.45%
ATR Inc-29.47%
Range Today0.21
ADR(20)0.1
ADR(20)%0.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.93
Mansfield3.12
10 Day High23.24
10 Day Low23.01
20 Day High23.33
20 Day Low23
52 Week High23.7
52 Week Low10.76
CS1 End22.9
CR1 Start23.06
Volume & EV
DER(3)-0.67%
DER(5)-1.92%
Volume560.07K
Volume Incr-29.99%
Vol(5)384.40K
Vol(50)722.03K