SELECTIVE INSURANCE GROUP (SIGI) Stock Technical Analysis
NASDAQ:SIGI - US8163001071 - Common Stock
78.13 USD
-0.91 (-1.15%)
78.13 USD
0 (0%)
We assign a technical rating of 1 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: 86% of all stocks are doing better.
SIGI is part of the Insurance industry. There are 143 other stocks in this industry, of which 80% 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 a tight range between 75.73 and 79.47.
Although the technical rating is bad, SIGI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 77.99, a Stop Loss order could be placed below this zone.
More info and screens
74.25
95.14
When analyzing the support we can see 2 important areas.
- A support zone ranging from 76.71 to 77.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 4 important resistance areas.
- Resistance @79.04 from a horizontal line in the daily time frame.
- A resistance zone ranging from 87.19 to 87.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 89.00 to 90.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 92.83 to 94.20. 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 | 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 | 14.2 | NEGATIVE | SIGI has a low relative strength, it was outperformed by 85.8% 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) | 45.81 | NEUTRAL | The RSI value for SIGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests SIGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.21 | 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) | 30.97 | 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)
78.13
-0.91 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.15%
1 Week0.03%
2 Weeks-0.09%
1 Month0.21%
3 Month-11.24%
6 Month-9.2%
12 Month-14.12%
2 Year-21.25%
3 Year-1.62%
5 Year30.63%
10 Year157.69%
15 Year425.77%
Volatility
ATR(14)1.49
ATR(20)%2.02%
ATR Inc27.02%
Range Today1.33
ADR(20)1.53
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.2
Mansfield-2.03
10 Day High79.47
10 Day Low75.73
20 Day High79.47
20 Day Low75.73
52 Week High103.56
52 Week Low71.75
CS1 End77.99
CR1 Start79.04
Volume & EV
DER(3)-0.38%
DER(5)0.74%
Volume1.72M
Volume Incr5.95%
Vol(5)691.57K
Vol(50)598.84K