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
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
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
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.
EVEREST RE GROUP LTD342.39
NYSE:RE (2/3/2023, 7:04:41 PM)+0.96 (+0.28%)
| GICS Sector | Financials | ||
| GICS Industry | Insurance | ||
| Today | 0.28% | 1 Week | -2.45% |
| 2 Weeks | 1.2% | 1 Month | 0.07% |
| 3 Month | 2.77% | 6 Month | 33.92% |
| ATR(14) | 8.41 | ATR(20)% | 2.44% |
| ATR Inc | 57.59% | Range Today | 6.93 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| 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 |
| 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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