SELECTIVE INSURANCE GROUP (SIGI) Stock Technical Analysis
USA - NASDAQ:SIGI - US8163001071 - Common Stock
83.6 USD
+2.45 (+3.02%)
83.6 USD
0 (0%)
Taking everything into account, SIGI scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SIGI was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, SIGI is a bad performer in the overall market: 66% of all stocks are doing better.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SIGI is part of the Insurance industry. There are 147 other stocks in this industry, SIGI did better than 56% of them.
SIGI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SIGI is lagging the market.
In the last month SIGI has a been trading in the 77.67 - 85.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, SIGI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 83.61. Right above this resistance zone may be a good entry point.
More info and screens
74.25
93.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 81.37 to 82.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.71 to 77.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 75.00 to 75.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 83.61 to 84.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 87.19 to 90.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 92.58 to 92.83. 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 SIGI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SIGI is neutral. |
| ChartMill Relative Strength | 34.77 | NEUTRAL | SIGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SIGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SIGI is above the rising 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) | 57.66 | NEUTRAL | The RSI value for SIGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SIGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.71 | NEUTRAL | The Stochastics value for SIGI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for SIGI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.25 | 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)
83.6
+2.45 (+3.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg3.02%
1 Week1.42%
2 Weeks-0.71%
1 Month6.32%
3 Month7.69%
6 Month-4.53%
12 Month-8.5%
2 Year-19.7%
3 Year-14.76%
5 Year60.58%
10 Year129.1%
15 Year394.09%
Volatility
ATR(14)1.96
ATR(20)%2.18%
ATR Inc-3.88%
Range Today2.31
ADR(20)1.77
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.77
Mansfield-1.4
10 Day High85.06
10 Day Low80.32
20 Day High85.06
20 Day Low77.67
52 Week High103.56
52 Week Low71.75
CS1 End82.81
CR1 Start83.61
Volume & EV
DER(3)-1.65%
DER(5)-0.46%
Volume463.60K
Volume Incr-23.29%
Vol(5)388.66K
Vol(50)502.02K