PROASSURANCE CORP (PRA)       19.77  +0.15 (+0.76%)

19.77  +0.15 (+0.76%)

US74267C1062 - Common Stock

Technical Rating

1

We assign a technical rating of 1 out of 10 to PRA. PRA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



When compared to the yearly performance of all other stocks, PRA outperforms 42% of them, which is more or less in line with the market.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
PRA is part of the Insurance industry. There are 136 other stocks in this industry, of which 63% are performing better than PRA.
PRA is currently making a new 52 week low. This is a very bad signal. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month PRA has a been trading in the 19.54 - 22.05 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -11.14% -17.87% -28.37% -16.97% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 42.44 19.54 - 27.55
PRA Weekly chart
PRA Daily chart

Support/Resistance Analysis


19.41

27.19
We found 1 important support area.
  • A support zone ranging from 19.61 to 19.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
  • A resistance zone ranging from 20.59 to 21.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @22.29 from a trend line in the daily time frame.
  • Resistance @24.15 from a horizontal line in the daily time frame.
  • Resistance @24.83 from a horizontal line in the daily time frame.
  • Resistance @26.92 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

2

The technical rating of PRA is bad and it also does not present a 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.


PRA Daily chart

PROASSURANCE CORP19.77

NYSE:PRA (9/27/2022, 10:02:59 AM)+0.15 (+0.76%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Insurance
Performance
Today 0.76% 1 Week -6.39%
2 Weeks -8.36% 1 Month -11.14%
3 Month -17.87% 6 Month -28.37%
Volatility
ATR(14) 0.58 ATR(20)% 2.97%
ATR Inc 51.99% Range Today 0.43
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 42.44 Mansfield -0.23
10 Day High 21.51 10 Day Low 19.54
20 Day High 22.05 20 Day Low 19.54
52 Week High 27.55 52 Week Low 19.54
CS1 End N/A CR1 Start 20.59
Volume & EV
DER(3) -0.38% DER(5) 2.96%
Volume 26.20K Volume Incr 44.95%
Vol(5) 310.58K Vol(50) 228.81K

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