EVEREST RE GROUP LTD (RE) Technical Analysis
NYSE:RE • BMG3223R1088
Current stock price
RE Technical Rating and Analysis
Taking everything into account, RE scores 3 out of 10 in our technical rating. 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 one of the better performing stocks in the Insurance industry, it outperforms 90% of 148 stocks in the same industry.
- 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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 trading in the upper part of its 52 week range, so RE is lagging the market slightly.
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 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.
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.
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 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.