SELECTIVE INSURANCE GROUP (SIGI) Stock Technical Analysis
USA - NASDAQ:SIGI - US8163001071 - Common Stock
77.76 USD
-0.68 (-0.87%)
77.76 USD
0 (0%)
We assign a technical rating of 0 out of 10 to SIGI. SIGI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
74% of all other stocks performed better in the past year than SIGI.
SIGI is part of the Insurance industry. There are 147 other stocks in this industry, of which 64% are performing better than SIGI.
SIGI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SIGI is lagging the market.
In the last month SIGI has a been trading in the 73.45 - 84.51 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, SIGI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 75.34, a Stop Loss order could be placed below this zone.
More info and screens
73.28
93.76
When analyzing the support we notice one important area.
- A support zone ranging from 74.02 to 75.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 78.02 to 79.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 81.58 to 84.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @87.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 89.73 to 90.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @92.83 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for SIGI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SIGI is neutral. |
| ChartMill Relative Strength | 26.59 | NEGATIVE | SIGI has a low relative strength, it was outperformed by 73.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SIGI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SIGI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SIGI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.9 | NEUTRAL | The RSI value for SIGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests SIGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.31 | NEUTRAL | The Stochastics value for SIGI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for SIGI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.67 | NEGATIVE | The low ADX value for SIGI suggests a weak or negative 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)
77.76
-0.68 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.87%
1 Week-1.03%
2 Weeks5.05%
1 Month-6.99%
3 Month-1.21%
6 Month-9.87%
12 Month-20.51%
2 Year-23.53%
3 Year-19.1%
5 Year25.78%
10 Year125.33%
15 Year371.27%
Volatility
ATR(14)1.66
ATR(20)%2.77%
ATR Inc-9.7%
Range Today1.45
ADR(20)2
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.59
3 months CRS45.4
6 months CRS19.91
Mansfield-1.7
10 Day High80.05
10 Day Low73.46
20 Day High84.51
20 Day Low73.46
52 Week High103.56
52 Week Low71.75
CS1 End75.34
CR1 Start78.02
Volume & EV
DER(3)-1.83%
DER(5)-1.38%
Volume452.20K
Volume Incr-41.31%
Vol(5)366.52K
Vol(50)540.54K
SELECTIVE INSURANCE GROUP / SIGI FAQ
What is the ChartMill technical rating of SELECTIVE INSURANCE GROUP (SIGI) stock?
ChartMill assigns a technical rating of 0 / 10 to SIGI.
Can you provide the trend direction for SELECTIVE INSURANCE GROUP?
The current trend direction for SELECTIVE INSURANCE GROUP (SIGI) is Bearish.
What is the RSI signal for SELECTIVE INSURANCE GROUP (SIGI) stock?
SELECTIVE INSURANCE GROUP (SIGI) has an RSI value of 46.8989. This indicates that the stock is currently neutral.
What is the short term momentum for SELECTIVE INSURANCE GROUP (SIGI) stock?
The short term momentum for SELECTIVE INSURANCE GROUP (SIGI) is neutral.