USA - NASDAQ:SIGI - US8163001071 - Common Stock
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.
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.
74.25
When analyzing the support we can see 3 important areas.
When analyzing the resistance we notice 3 important areas.
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. |
83.6
+2.45 (+3.02%)