PROASSURANCE CORP (PRA) Stock Technical Analysis
NYSE:PRA • US74267C1062
Taking everything into account, PRA scores 9 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, PRA did better than 84% of all other stocks.
- PRA is one of the better performing stocks in the Insurance industry, it outperforms 94% of 149 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.
- In the last month PRA has a been trading in a tight range between 24.21 and 24.69.
Besides having an excellent technical rating, PRA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.48, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.48
We found 3 important support areas.
- A support zone ranging from 23.77 to 24.48. 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 @18.67 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.56 to 24.57. 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 | 84.69 | POSITIVE | PRA has a high relative strength, it outperformed 84.69% 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) | 60.5 | NEUTRAL | The RSI value for PRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PRA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.45 | NEUTRAL | The Stochastics value for PRA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.69 | LOW VOLATILITY | The low ATR as a percentage value for PRA suggests low volalility. |
| Average Directional Index/ADX (14) | 38.25 | 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 |
|---|---|---|---|
| 24.58 | 24.36 | 0.22 (0.90%) | 25.00% |
| An entry @24.58. This is a Buy Stop order right above the resistance zone. | An exit @24.36. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.22 points, which is 0.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- The distance between exit and entry is rather small compared to the average daily movement of PRA. Please evaluate whether better entry and exit points can be found.
- 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.
24.55
-0.01 (-0.04%)
PROASSURANCE CORP / PRA FAQ
What is the ChartMill technical rating of PROASSURANCE CORP (PRA) stock?
ChartMill assigns a technical rating of 9 / 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 60.5028. 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 0.00614173, 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.