TREAN INSURANCE GROUP INC (TIG) Technical Analysis
NASDAQ:TIG • US89457R1014
Current stock price
TIG Technical Rating and Analysis
Overall TIG gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TIG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- TIG is part of the Insurance industry. There are 149 other stocks in this industry. TIG outperforms 97% of them.
- TIG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TIG is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that TIG is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month TIG has a been trading in a tight range between 6.11 and 6.17.
- Volume is considerably higher in the last couple of days.
TIG Weekly and Daily overview Charts
TIG Setup Rating and Analysis
TIG has an excellent technical rating and 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
TIG Support and Resistance Analysis
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.
TIG Technical Indicator Signal Analysis
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. |
TIG Chart- and CandleStick Pattern Analysis
TIG Example Setup
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.
TIG Technicals: Chart, Performance Metrics, Trend & Indicators
6.16
+0.01 (+0.16%)
TREAN INSURANCE GROUP INC / TIG TA FAQ
What is the technical rating for TIG stock?
ChartMill assigns a technical rating of 7 / 10 to TIG.
Can you provide the trend direction for TREAN INSURANCE GROUP INC?
The current trend direction for TREAN INSURANCE GROUP INC (TIG) is Bullish.
Can you provide the RSI signal for TREAN INSURANCE GROUP INC?
TREAN INSURANCE GROUP INC (TIG) has an RSI value of 66.4089. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TREAN INSURANCE GROUP INC?
The short term momentum for TREAN INSURANCE GROUP INC (TIG) is positive.
What are the support and resistance levels for TREAN INSURANCE GROUP INC (TIG) stock?
TREAN INSURANCE GROUP INC (TIG) has a support level at 6.14 and a resistance level at 6.17. Check the full technical report for our detailed analysis of TIG support and resistance levels.