PROASSURANCE CORP (PRA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PRA - US74267C1062 - Common Stock
Overall PRA gets a technical rating of 8 out of 10. 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.
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
17.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.77 to 24.19. 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 23.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.79 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.27 to 24.27. 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 | 87.87 | POSITIVE | PRA has a high relative strength, it outperformed 87.87% 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) | 67.92 | NEUTRAL | The RSI value for PRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PRA has a positive trend. |
| Stochastics (14,3) | 81.1 | OVERBOUGHT | The high Stochastics value suggests PRA may be overbought. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for PRA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.17 | NEGATIVE | The low ADX value for PRA suggests a weak or negative trend. |
24.26
0 (0%)
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.
Can you provide the trend direction for PROASSURANCE CORP?
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 67.915. 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 0.0335831, indicating a bearish trend.
What are the support and resistance levels for PROASSURANCE CORP (PRA) stock?
PROASSURANCE CORP (PRA) has a support level at 24.19 and a resistance level at 24.27. Check the full technical report for our detailed analysis of PRA support and resistance levels.