WR BERKLEY CORP (WRB) Stock Technical Analysis
NYSE:WRB - New York Stock Exchange, Inc. - US0844231029 - Common Stock - Currency: USD
Taking everything into account, WRB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WRB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WRB is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, WRB also shows a nice and consistent pattern of rising prices.
WRB is part of the Insurance industry. There are 143 other stocks in this industry. WRB outperforms 90% of them.
WRB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so WRB slightly outperforms the market at the moment.
In the last month WRB has a been trading in the 62.63 - 72.90 range, which is quite wide. It is currently trading near the high of this range.
WRB has an average volume of 2079570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WRB 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 72.62. Right above this resistance zone may be a good entry point. 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
55.94
73.35
5 important support areas can be observed.
- A support zone ranging from 70.38 to 70.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 65.43 to 66.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.28 from a horizontal line in the daily time frame.
- A support zone ranging from 60.27 to 60.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 56.51 to 57.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 72.62 to 72.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.09
Mansfield2.23
10 Day High72.9
10 Day Low66.2
20 Day High72.9
20 Day Low62.63
52 Week High76.38
52 Week Low51.17
Performance
1 Week3.02%
2 Weeks5.54%
1 Month3.3%
3 Month23.42%
6 Month26.28%
12 Month38.64%
2 Year95.61%
3 Year53.12%
5 Year181.92%
10 Year400.12%
15 Year798.97%
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)
Technical Indicators
MACD(12,26,9)0.11
RSI(14)64.85
LBB67.28
UBB73.3
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 |
|---|---|---|---|
| 72.63 | 70.37 | 2.26 (3.11%) | 25.00% |
| An entry @72.63. This is a Buy Stop order right above the resistance zone. | An exit @70.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.26 points, which is 3.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- The distance between exit and entry is rather small compared to the average daily movement of WRB. Please evaluate whether better entry and exit points can be found.
- 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.
72.61
+1.43 (+2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2.01%
1 Week3.02%
2 Weeks5.54%
1 Month3.3%
3 Month23.42%
6 Month26.28%
12 Month38.64%
2 Year95.61%
3 Year53.12%
5 Year181.92%
10 Year400.12%
15 Year798.97%
Volatility
ATR(14)1.85
ATR(20)%3.15%
ATR Inc-14.73%
Range Today1.23
ADR(20)2.21
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.09
Mansfield2.23
10 Day High72.9
10 Day Low66.2
20 Day High72.9
20 Day Low62.63
52 Week High76.38
52 Week Low51.17
CS1 End70.91
CR1 Start72.62
Volume & EV
DER(3)0.82%
DER(5)1.09%
Volume1.71M
Volume Incr-36.37%
Vol(5)1.72M
Vol(50)2.08M