EVEREST RE GROUP LTD (RE) Stock Technical Analysis
NYSE:RE - New York Stock Exchange, Inc. - BMG3223R1088 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to RE. 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 145 other stocks in this industry. RE outperforms 80% 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 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
249.51
394.76
2 important support areas can be observed.
- 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. |
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)
351.28
+10 (+2.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2.93%
1 Week3.42%
2 Weeks-0.61%
1 Month0.67%
3 Month-2.99%
6 Month-0.03%
12 Month25.14%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.49
ATR(20)%2.11%
ATR Inc25.19%
Range Today11.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.2
Mansfield-0.17
10 Day High355.26
10 Day Low331.08
20 Day High355.66
20 Day Low331.08
52 Week High395
52 Week Low244.58
CS1 End343.95
CR1 Start386.75
Volume & EV
DER(3)-0.56%
DER(5)0.21%
Volume406.90K
Volume Incr-9.68%
Vol(5)348.18K
Vol(50)441.82K