PROASSURANCE CORP (PRA) Stock Technical Analysis
NYSE:PRA - New York Stock Exchange, Inc. - US74267C1062 - Common Stock - Currency: USD
Overall PRA gets a technical rating of 9 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.
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 143 stocks in the same industry.
PRA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PRA is leading the market.
PRA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
PRA has an average volume of 1172350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PRA did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month PRA has a been trading in a tight range between 22.72 and 23.32.
PRA has an excellent technical rating and 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 23.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.07, a Stop Loss order could be placed below this zone.
More info and screens
14.23
23.59
3 important support areas can be observed.
- A support zone ranging from 22.88 to 23.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.14 to 15.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.37 to 14.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.34 to 23.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.7
Mansfield3.84
10 Day High23.33
10 Day Low22.89
20 Day High23.33
20 Day Low22.72
52 Week High23.7
52 Week Low10.76
Performance
1 Week0.87%
2 Weeks1.05%
1 Month0.74%
3 Month65.83%
6 Month39.42%
12 Month58.15%
2 Year90.95%
3 Year4.46%
5 Year68.12%
10 Year-48.65%
15 Year-21.17%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.09
RSI(14)67.17
LBB22.81
UBB23.27
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 |
|---|---|---|---|
| 23.37 | 22.88 | 0.49 (2.10%) | 25.00% |
| An entry @23.37. This is a Buy Stop order right above the resistance zone. | An exit @22.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.49 points, which is 2.10%. | For a 0.52% 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.
23.2
-0.07 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.3%
1 Week0.87%
2 Weeks1.05%
1 Month0.74%
3 Month65.83%
6 Month39.42%
12 Month58.15%
2 Year90.95%
3 Year4.46%
5 Year68.12%
10 Year-48.65%
15 Year-21.17%
Volatility
ATR(14)0.14
ATR(20)%0.71%
ATR Inc-13.92%
Range Today0.11
ADR(20)0.16
ADR(20)%0.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.7
Mansfield3.84
10 Day High23.33
10 Day Low22.89
20 Day High23.33
20 Day Low22.72
52 Week High23.7
52 Week Low10.76
CS1 End23.07
CR1 Start23.34
Volume & EV
DER(3)-4.68%
DER(5)-2.57%
Volume441.80K
Volume Incr-15.79%
Vol(5)539.42K
Vol(50)1.17M