EVEREST RE GROUP LTD (RE) Technical Analysis
NYSE:RE • BMG3223R1088
Current stock price
RE Technical Rating and Analysis
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 is part of the Insurance industry. There are 147 other stocks in this industry. RE outperforms 87% of them.
- In the last month RE has a been trading in the 331.08 - 355.65 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Looking at the yearly performance, RE did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- RE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RE is lagging the market.
RE Weekly and Daily overview Charts
RE Setup Rating and Analysis
RE has a poor technical rating and the quality of the setup is also 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
RE Support and Resistance Analysis
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.
When analyzing the resistance we notice one important 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.
RE Technical Indicator Signal Analysis
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. |
RE Chart- and CandleStick Pattern Analysis
RE Technicals: Chart, Performance Metrics, Trend & Indicators
351.28
+10 (+2.93%)
EVEREST RE GROUP LTD / RE TA FAQ
What is the technical rating for RE stock?
ChartMill assigns a technical rating of 3 / 10 to RE.
What is the current trend direction of EVEREST RE GROUP LTD (RE) stock?
The current trend direction for EVEREST RE GROUP LTD (RE) is Bearish.
What is the RSI signal for RE stock?
EVEREST RE GROUP LTD (RE) has an RSI value of 53.6365. This indicates that the stock is currently neutral.
What is the MACD signal for EVEREST RE GROUP LTD (RE) stock?
The MACD indicator for EVEREST RE GROUP LTD (RE) has a value of 1.19942, indicating a bullish trend.
What are the support and resistance levels for EVEREST RE GROUP LTD (RE) stock?
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.