SELECTIVE INSURANCE GROUP (SIGI) Stock Technical Analysis
NASDAQ:SIGI - Nasdaq - US8163001071 - Common Stock - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SIGI is a bad performer in the overall market: 83% of all stocks are doing better.
SIGI is one of the lesser performing stocks in the Insurance industry. 75% of 143 stocks in the same industry do better.
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 71.75 - 91.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
SIGI has a poor technical rating and the quality of the setup is also not perfect 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
76.70
95.76
When analyzing the support we notice one important area.
- Support @77.47 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- 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.
- Resistance @92.83 from a horizontal line in the daily time frame.
- Resistance @94.81 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for SIGI is down. |
| ChartMill Relative Strength | 17.39 | NEGATIVE | SIGI has a low relative strength, it was outperformed by 82.61% 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) | 40.97 | NEUTRAL | The RSI value for SIGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.78 | NEGATIVE | The MACD value suggests SIGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.33 | NEUTRAL | The Stochastics value for SIGI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for SIGI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.12 | POSITIVE | The high ADX value value for SIGI suggests a strong 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)
79.09
+1.62 (+2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2.09%
1 Week0.84%
2 Weeks-10.72%
1 Month-7.61%
3 Month-11.86%
6 Month-7.21%
12 Month-7.67%
2 Year-20.28%
3 Year-0.42%
5 Year32.24%
10 Year160.85%
15 Year432.23%
Volatility
ATR(14)3.88
ATR(20)%4.15%
ATR Inc-38.27%
Range Today1.91
ADR(20)2.9
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.39
Mansfield-1.83
10 Day High91.63
10 Day Low71.75
20 Day High91.63
20 Day Low71.75
52 Week High103.56
52 Week Low71.75
CS1 End77.47
CR1 Start87.19
Volume & EV
DER(3)2.96%
DER(5)3.73%
Volume472.64K
Volume Incr23.79%
Vol(5)791.39K
Vol(50)527.36K