SELECTIVE INSURANCE GROUP (SIGI) Stock Technical Analysis
NASDAQ:SIGI - Nasdaq - US8163001071 - Common Stock - Currency: USD
Taking everything into account, SIGI scores 1 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
82% of all other stocks performed better in the past year than SIGI.
SIGI is part of the Insurance industry. There are 145 other stocks in this industry, of which 72% are performing better than SIGI.
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 a tight range between 83.76 and 87.88.
SIGI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 86.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.17, a Stop Loss order could be placed below this zone.
More info and screens
82.84
96.58
2 important support areas can be observed.
- A support zone ranging from 85.07 to 86.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @83.68 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 86.64 to 88.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 90.23 to 92.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @95.62 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 | NEUTRAL | NEUTRAL | The short term trend for SIGI is neutral. |
| ChartMill Relative Strength | 18.02 | NEGATIVE | SIGI has a low relative strength, it was outperformed by 81.98% off all stocks 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) | 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) | 49.51 | NEUTRAL | The RSI value for SIGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SIGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.84 | NEUTRAL | The Stochastics value for SIGI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for SIGI suggests some volalility. |
| Average Directional Index/ADX (14) | 11.21 | 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)
86.25
-0.16 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.19%
1 Week-0.09%
2 Weeks0.34%
1 Month1.33%
3 Month-0.44%
6 Month-3.85%
12 Month-10.47%
2 Year-16.42%
3 Year10.78%
5 Year58.72%
10 Year179.94%
15 Year454.31%
Volatility
ATR(14)1.91
ATR(20)%2.02%
ATR Inc13.56%
Range Today1.99
ADR(20)1.71
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.02
Mansfield-1.12
10 Day High87.83
10 Day Low84.21
20 Day High87.88
20 Day Low83.76
52 Week High103.56
52 Week Low78.13
CS1 End86.17
CR1 Start86.64
Volume & EV
DER(3)-0.77%
DER(5)-0.27%
Volume408.90K
Volume Incr8.09%
Vol(5)374.68K
Vol(50)368.51K