SELECTIVE INSURANCE GROUP (SIGI)       80.73  +1.18 (+1.48%)

80.73  +1.18 (+1.48%)

US8163001071 - Common Stock - After market: 80.73 0 (0%)

Technical Rating

3

Taking everything into account, SIGI scores 3 out of 10 in our technical rating. SIGI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



SIGI is part of the Insurance industry. There are 136 other stocks in this industry. SIGI outperforms 82% of them.
In the last month SIGI has a been trading in the 77.96 - 84.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that SIGI is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SIGI is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So SIGI is doing better than the market!

Statistics

1 Month 3 Months 6 Months 12 Months 0.57% -7.69% -11.95% 6.18% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 81.12 66.81 - 94.35
SIGI Weekly chart
SIGI Daily chart

Support/Resistance Analysis


73.73

86.39
2 important support areas can be observed.
  • A support zone ranging from 79.33 to 80.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 74.47 to 77.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
  • A resistance zone ranging from 81.05 to 83.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 84.93 to 85.53. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

SIGI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 80.55, a Stop Loss order could be placed below this zone.


SIGI Daily chart

SELECTIVE INSURANCE GROUP80.73

NASDAQ:SIGI (9/27/2022, 7:14:42 PM)+1.18 (+1.48%)

After market: 80.73 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Insurance
Performance
Today 1.48% 1 Week -2.13%
2 Weeks -0.51% 1 Month 0.57%
3 Month -7.69% 6 Month -11.95%
Volatility
ATR(14) 1.83 ATR(20)% 2.28%
ATR Inc -4.56% Range Today 1.4
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 81.12 Mansfield 1.66
10 Day High 84.19 10 Day Low 78.89
20 Day High 84.19 20 Day Low 77.96
52 Week High 94.35 52 Week Low 66.81
CS1 End 80.55 CR1 Start 81.05
Volume & EV
DER(3) -0.84% DER(5) 0.1%
Volume 387.00K Volume Incr 48.48%
Vol(5) 325.30K Vol(50) 280.06K

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