EVEREST RE GROUP LTD (RE) Stock Technical Analysis
USA - NYSE:RE - BMG3223R1088 - Common Stock
Overall RE gets a technical rating of 3 out of 10. RE 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.
RE has a poor technical rating and the quality of the setup is also not perfect 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.
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249.51
We found 2 important support areas.
- A support zone ranging from 331.27 to 343.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @252.03 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 386.75 to 390.85. 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 | NEUTRAL | NEUTRAL | The long term trend for RE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RE is neutral. |
| ChartMill Relative Strength | 73.2 | POSITIVE | RE has a high relative strength, it outperformed 73.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.64 | NEUTRAL | The RSI value for RE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.2 | POSITIVE | The MACD value suggests RE has a positive trend. |
| Stochastics (14,3) | 52.83 | NEUTRAL | The Stochastics value for RE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for RE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.9 | POSITIVE | The high ADX value value for RE suggests a strong trend. |
351.28
+10 (+2.93%)
EVEREST RE GROUP LTD / RE FAQ
What is the technical rating for RE stock?
ChartMill assigns a technical rating of 3 / 10 to RE.
What is the trend direction for RE stock?
The current trend direction for EVEREST RE GROUP LTD (RE) is Bearish.
Can you provide the RSI signal for EVEREST RE GROUP LTD?
EVEREST RE GROUP LTD (RE) has an RSI value of 53.6365. This indicates that the stock is currently neutral.
What is the short term momentum for RE stock?
The short term momentum for EVEREST RE GROUP LTD (RE) is neutral.
Can you provide the support and resistance levels for EVEREST RE GROUP LTD?
EVEREST RE GROUP LTD (RE) has a support level at 343.95 and a resistance level at 386.75. Check the full technical report for our detailed analysis of RE support and resistance levels.