PROASSURANCE CORP (PRA) Technical Analysis
NYSE:PRA • US74267C1062
Current stock price
PRA Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to PRA. PRA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- PRA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PRA is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When compared to the yearly performance of all other stocks, PRA outperforms 43% of them, which is more or less in line with the market.
- PRA is part of the Insurance industry. There are 148 other stocks in this industry, PRA did better than 69% of them.
- In the last month PRA has a been trading in a tight range between 24.11 and 24.85.
- Volume is considerably higher in the last couple of days.
PRA Weekly and Daily overview Charts
PRA Setup Rating and Analysis
PRA has an average technical rating and also the quality of the setup is only medium 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
PRA Support and Resistance Analysis
22.54
When analyzing the support we can see 3 important areas.
- Support @24.28 from a horizontal line in the daily time frame.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 24.43 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 | DOWN | NEGATIVE | The short term trend for PRA is down. |
| ChartMill Relative Strength | 43.86 | NEUTRAL | PRA is not amongst the best or worst performers 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) | 44.74 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 27.93 | NEUTRAL | The Stochastics value for PRA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.66 | LOW VOLATILITY | The low ATR as a percentage value for PRA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.56 | POSITIVE | The high ADX value value for PRA suggests a strong trend. |
PRA Chart- and CandleStick Pattern Analysis
PRA Technicals: Chart, Performance Metrics, Trend & Indicators
24.38
+0.12 (+0.49%)
PROASSURANCE CORP / PRA TA FAQ
What is the ChartMill technical rating of PROASSURANCE CORP (PRA) stock?
ChartMill assigns a technical rating of 4 / 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 PROASSURANCE CORP (PRA) stock?
PROASSURANCE CORP (PRA) has an RSI value of 44.7402. This indicates that the stock is currently neutral.
What is the short term momentum for PROASSURANCE CORP (PRA) stock?
The short term momentum for PROASSURANCE CORP (PRA) is negative.
What are the support and resistance levels for PROASSURANCE CORP (PRA) stock?
PROASSURANCE CORP (PRA) has a support level at 24.28 and a resistance level at 24.43. Check the full technical report for our detailed analysis of PRA support and resistance levels.