EVEREST RE GROUP LTD (RE)       342.39  +0.96 (+0.28%)

342.39  +0.96 (+0.28%)

BMG3223R1088 - Common Stock - After market: 342.39 0 (0%)

Technical Rating

7

Taking everything into account, RE scores 7 out of 10 in our technical rating. Although RE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
RE is part of the Insurance industry. There are 148 other stocks in this industry. RE outperforms 77% of them.
RE is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so RE slightly outperforms the market at the moment.
Looking at the yearly performance, RE did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month RE has a been trading in the 334.36 - 361.67 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months 0.07% 2.77% 33.92% 19.72% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 82.32 244.575 - 361.665
RE Weekly chart
RE Daily chart

Support/Resistance Analysis


249.51

362.55
When analyzing the support we can see 5 important areas.
  • A support zone ranging from 338.64 to 339.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 322.37 to 323.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @274.71 from a horizontal line in the daily time frame.
  • Support @260.56 from a trend line in the weekly time frame.
  • Support @252.03 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
  • A resistance zone ranging from 347.81 to 352.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 358.95 to 358.96. This zone is formed by a combination of multiple trend lines in the daily time frame.

Setup Analysis

Setup Rating

5

Besides having an excellent technical rating, RE also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.

RE Daily chart

EVEREST RE GROUP LTD342.39

NYSE:RE (2/3/2023, 7:04:41 PM)+0.96 (+0.28%)

After market: 342.39 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Insurance

Performance
Today 0.28% 1 Week -2.45%
2 Weeks 1.2% 1 Month 0.07%
3 Month 2.77% 6 Month 33.92%

Volatility
ATR(14) 8.41 ATR(20)% 2.44%
ATR Inc 57.59% Range Today 6.93

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 82.32 Mansfield 1.29
10 Day High 359.39 10 Day Low 334.36
20 Day High 361.67 20 Day Low 334.36
52 Week High 361.67 52 Week Low 244.58
CS1 End 339.33 CR1 Start 347.81

Volume & EV
DER(3) -1.69% DER(5) -0.33%
Volume 242.20K Volume Incr 2.96%
Vol(5) 261.70K Vol(50) 271.82K

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