PROASSURANCE CORP (PRA) Stock Technical Analysis
NYSE:PRA • US74267C1062
Overall PRA gets a technical rating of 8 out of 10. Both in the recent history as in the last year, PRA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- PRA is one of the better performing stocks in the Insurance industry, it outperforms 97% of 150 stocks in the same industry.
- 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.
- Looking at the yearly performance, PRA did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- In the last month PRA has a been trading in a tight range between 24.10 and 24.66.
PRA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.41, a Stop Loss order could be placed below this zone.
More info and screens
18.40
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.77 to 24.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.77 to 23.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.51 to 24.53. 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 | 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 | 88.31 | POSITIVE | PRA has a high relative strength, it outperformed 88.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRA is above 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) | 60.58 | NEUTRAL | The RSI value for PRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PRA has a positive trend. |
| Stochastics (14,3) | 46.64 | NEUTRAL | The Stochastics value for PRA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.62 | LOW VOLATILITY | The low ATR as a percentage value for PRA suggests low volalility. |
| Average Directional Index/ADX (14) | 35.86 | POSITIVE | The high ADX value value for PRA suggests a strong trend. |
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 |
|---|---|---|---|
| 24.54 | 24.24 | 0.30 (1.22%) | 25.00% |
| An entry @24.54. This is a Buy Stop order right above the resistance zone. | An exit @24.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.30 points, which is 1.22%. | For a 0.31% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
24.5
+0.12 (+0.49%)
PROASSURANCE CORP / PRA FAQ
What is the ChartMill technical rating of PROASSURANCE CORP (PRA) stock?
ChartMill assigns a technical rating of 8 / 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 60.5756. 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 0.00154922, indicating a bearish trend.
What is the buy/sell signal for PRA stock?
The buy/sell signal for PROASSURANCE CORP (PRA) is buy as both the short term and long term trends are positive.