PROASSURANCE CORP (PRA) Stock Technical Analysis
USA - NYSE:PRA - US74267C1062 - Common Stock
23.99 USD
+0.02 (+0.08%)
23.99 USD
0 (0%)
Taking everything into account, PRA scores 9 out of 10 in our technical rating. 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.
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 86% of all other stocks.
PRA is one of the better performing stocks in the Insurance industry, it outperforms 90% of 146 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 23.62 and 24.01.
PRA has an excellent technical rating, but 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
15.22
24.28
4 important support areas can be observed.
- A support zone ranging from 23.68 to 23.92. 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 @16.82 from a trend line in the weekly time frame.
- Support @15.37 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.01 to 24.04. 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 | 86.54 | POSITIVE | PRA has a high relative strength, it outperformed 86.54% 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) | 69.49 | NEUTRAL | The RSI value for PRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PRA has a positive trend. |
| Stochastics (14,3) | 88.8 | OVERBOUGHT | The high Stochastics value suggests PRA may be overbought. |
| Average True Range in percent/ATR (20) | 0.39 | LOW VOLATILITY | The low ATR as a percentage value for PRA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for PRA suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 24.05 | 23.74 | 0.31 (1.29%) | 25.00% |
| An entry @24.05. This is a Buy Stop order right above the resistance zone. | An exit @23.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 1.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- 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.
23.99
+0.02 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.08%
1 Week0.54%
2 Weeks0.88%
1 Month1.01%
3 Month1.52%
6 Month3.05%
12 Month58.98%
2 Year27%
3 Year22.96%
5 Year53.39%
10 Year-51.11%
15 Year-16.69%
Volatility
ATR(14)0.09
ATR(20)%0.39%
ATR Inc-16.33%
Range Today0.06
ADR(20)0.09
ADR(20)%0.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.54
Mansfield0.8
10 Day High24.01
10 Day Low23.75
20 Day High24.01
20 Day Low23.62
52 Week High24.14
52 Week Low13
CS1 End23.92
CR1 Start24.01
Volume & EV
DER(3)-3.52%
DER(5)-1.49%
Volume322.50K
Volume Incr-23.62%
Vol(5)298.80K
Vol(50)458.23K