SELECTIVE INSURANCE GROUP (SIGI) Technical Analysis
NASDAQ:SIGI • US8163001071
Current stock price
SIGI Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SIGI. SIGI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 79% of all other stocks performed better in the past year than SIGI.
- SIGI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 72.78 - 85.74 range, which is quite wide. It is currently trading near the lows of this range.
- SIGI is an average performer in the Insurance industry, it outperforms 40% of 148 stocks in the same industry.
SIGI Weekly and Daily overview Charts
SIGI Setup Rating and Analysis
The technical rating of SIGI is bad and it also does not present a quality setup 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
SIGI Support and Resistance Analysis
72.99
We found 1 important support area.
- A support zone ranging from 73.73 to 74.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @77.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 79.38 to 81.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @84.86 from a horizontal line in the daily time frame.
- A resistance zone ranging from 88.94 to 91.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
SIGI 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 | DOWN | NEGATIVE | The long term trend for SIGI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SIGI is down. |
| ChartMill Relative Strength | 21.32 | NEGATIVE | SIGI has a low relative strength, it was outperformed by 78.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SIGI is below 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) | 22.74 | OVERSOLD | The low RSI value suggests SIGI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests SIGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.94 | OVERSOLD | The low Stochastics value suggests SIGI may be oversold. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for SIGI suggests some volalility. |
| Average Directional Index/ADX (14) | 39.8 | POSITIVE | The high ADX value value for SIGI suggests a strong trend. |
SIGI Chart- and CandleStick Pattern Analysis
SIGI Technicals: Chart, Performance Metrics, Trend & Indicators
74.04
+0.31 (+0.42%)
SELECTIVE INSURANCE GROUP / SIGI TA FAQ
What is the ChartMill technical rating of SELECTIVE INSURANCE GROUP (SIGI) stock?
ChartMill assigns a technical rating of 0 / 10 to SIGI.
What is the current trend direction of SELECTIVE INSURANCE GROUP (SIGI) stock?
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 22.7449. This indicates that the stock is currently oversold.
What is the short term momentum for SIGI stock?
The short term momentum for SELECTIVE INSURANCE GROUP (SIGI) is negative.
What is the buy/sell signal for SELECTIVE INSURANCE GROUP (SIGI) stock?
The buy/sell signal for SELECTIVE INSURANCE GROUP (SIGI) is sell as both the short term and long term trends are negative.