SELECTIVE INSURANCE GROUP (SIGI) Stock Technical Analysis
USA - NASDAQ:SIGI - US8163001071 - Common Stock
76.56 USD
-4.62 (-5.69%)
76.56 USD
0 (0%)
Overall SIGI gets a technical rating of 1 out of 10. 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.
When comparing the yearly performance of all stocks, SIGI is a bad performer in the overall market: 80% of all stocks are doing better.
SIGI is part of the Insurance industry. There are 147 other stocks in this industry, of which 67% are performing better than SIGI.
SIGI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SIGI has a been trading in the 75.20 - 85.06 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Volume is considerably higher in the last couple of days.
The technical rating of SIGI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
74.25
93.76
When analyzing the support we can see 2 important areas.
- Support @76.55 from a horizontal line in the weekly time frame.
- 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 83.49 to 84.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 87.19 to 90.23. 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 | 20.36 | NEGATIVE | SIGI has a low relative strength, it was outperformed by 79.64% 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) | 37.5 | NEUTRAL | The RSI value for SIGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests SIGI has a negative trend. |
| Stochastics (14,3) | 43.13 | NEUTRAL | The Stochastics value for SIGI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for SIGI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.03 | 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)
76.56
-4.62 (-5.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-5.69%
1 Week-4.97%
2 Weeks-7.67%
1 Month-2.38%
3 Month-1.38%
6 Month-12.57%
12 Month-16.21%
2 Year-26.46%
3 Year-21.94%
5 Year47.06%
10 Year109.81%
15 Year352.48%
Volatility
ATR(14)2.46
ATR(20)%2.94%
ATR Inc193.92%
Range Today3.67
ADR(20)2.09
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.36
3 months CRS29.34
6 months CRS12.27
Mansfield-2.12
10 Day High84.56
10 Day Low75.2
20 Day High85.06
20 Day Low75.2
52 Week High103.56
52 Week Low71.75
CS1 End76.55
CR1 Start83.49
Volume & EV
DER(3)1.81%
DER(5)0.8%
Volume1.43M
Volume Incr71.33%
Vol(5)849.18K
Vol(50)540.86K