WR BERKLEY CORP (WRB) Stock Technical Analysis
NYSE:WRB - New York Stock Exchange, Inc. - US0844231029 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to WRB. In the last year, WRB was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month WRB has a been trading in the 68.27 - 74.09 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that WRB is one of the better performing stocks in the market, outperforming 74% of all stocks. We also observe that the gains produced by WRB over the past year are nicely spread over this period.
WRB is part of the Insurance industry. There are 145 other stocks in this industry. WRB outperforms 79% of them.
WRB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WRB is lagging the market slightly.
WRB has an average volume of 1662380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
WRB has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
55.92
75.92
4 important support areas can be observed.
- A support zone ranging from 68.88 to 68.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.73 from a trend line in the weekly time frame.
- Support @61.26 from a horizontal line in the daily time frame.
- A support zone ranging from 56.48 to 56.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 70.69 to 73.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.69 to 75.17. 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 WRB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WRB is down. |
| ChartMill Relative Strength | 74.79 | POSITIVE | WRB has a high relative strength, it outperformed 74.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WRB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WRB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WRB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.95 | NEUTRAL | The RSI value for WRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests WRB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.29 | OVERSOLD | The low Stochastics value suggests WRB may be oversold. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for WRB suggests low volalility. |
| Average Directional Index/ADX (14) | 21.88 | NEUTRAL | The ADX value for WRB suggests a possible start of a new 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)
69.45
+0.57 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.83%
1 Week-1.84%
2 Weeks-3.93%
1 Month-5.88%
3 Month0.94%
6 Month16.72%
12 Month34.75%
2 Year68.87%
3 Year66.6%
5 Year153.06%
10 Year320.66%
15 Year767.8%
Volatility
ATR(14)1.37
ATR(20)%1.81%
ATR Inc-29.24%
Range Today1.24
ADR(20)1.21
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.79
Mansfield0.15
10 Day High73.58
10 Day Low68.27
20 Day High74.09
20 Day Low68.27
52 Week High76.38
52 Week Low51.51
CS1 End68.88
CR1 Start70.69
Volume & EV
DER(3)3.46%
DER(5)3.18%
Volume1.78M
Volume Incr21.11%
Vol(5)2.22M
Vol(50)1.66M