TREAN INSURANCE GROUP INC (TIG) Stock Technical Analysis
USA - NASDAQ:TIG - US89457R1014 - Common Stock
We assign a technical rating of 8 out of 10 to TIG. Both in the recent history as in the last year, TIG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, TIG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.14, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.90
When analyzing the support we notice one important area.
- A support zone ranging from 5.96 to 6.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.17 to 6.17. 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 | UP | POSITIVE | The long term trend for TIG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TIG is up. |
| ChartMill Relative Strength | 92.07 | POSITIVE | TIG has a high relative strength, it outperformed 92.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TIG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TIG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TIG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.41 | NEUTRAL | The RSI value for TIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TIG has a positive trend. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for TIG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.28 | LOW VOLATILITY | The low ATR as a percentage value for TIG suggests low volalility. |
| Average Directional Index/ADX (14) | 40.03 | POSITIVE | The high ADX value value for TIG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.18 | 6.11 | 0.07 (1.13%) | 25.00% |
| An entry @6.18. This is a Buy Stop order right above the resistance zone. | An exit @6.11. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 1.13%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.28%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.16
+0.01 (+0.16%)
TREAN INSURANCE GROUP INC / TIG FAQ
What is the technical rating for TIG stock?
ChartMill assigns a technical rating of 7 / 10 to TIG.
What is the trend direction for TIG stock?
The current trend direction for TREAN INSURANCE GROUP INC (TIG) is Bullish.
What is the RSI signal for TIG stock?
TREAN INSURANCE GROUP INC (TIG) has an RSI value of 66.4089. This indicates that the stock is currently neutral.
What is the short term momentum for TIG stock?
The short term momentum for TREAN INSURANCE GROUP INC (TIG) is positive.
What is the buy/sell signal for TIG stock?
The buy/sell signal for TREAN INSURANCE GROUP INC (TIG) is buy as both the short term and long term trends are positive.