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 an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
WRB is part of the Insurance industry. There are 143 other stocks in this industry. WRB outperforms 78% 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.
In the last month WRB has a been trading in the 66.68 - 71.91 range, which is quite wide. It is currently trading near the high of this range.
WRB has an average volume of 2056100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, WRB turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
Although the technical rating is only medium, WRB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 71.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.79, a Stop Loss order could be placed below this zone.
More info and screens
63.09
75.92
We found 2 important support areas.
- A support zone ranging from 67.33 to 70.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @71.27 from a horizontal line in the daily time frame.
- Resistance @73.08 from a horizontal line in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for WRB is up. |
| ChartMill Relative Strength | 66.97 | NEUTRAL | WRB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WRB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WRB is above 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) | 54.27 | NEUTRAL | The RSI value for WRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests WRB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.18 | OVERBOUGHT | The high Stochastics value suggests WRB may be overbought. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for WRB suggests low volalility. |
| Average Directional Index/ADX (14) | 17.51 | NEGATIVE | The low ADX value for WRB suggests a weak or negative 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)
70.79
-0.77 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.08%
1 Week0.23%
2 Weeks2.22%
1 Month2.97%
3 Month-3.4%
6 Month17.3%
12 Month22.98%
2 Year71.65%
3 Year63.87%
5 Year156.69%
10 Year340.16%
15 Year806.7%
Volatility
ATR(14)1.04
ATR(20)%1.58%
ATR Inc4.52%
Range Today1.35
ADR(20)1.09
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.97
Mansfield0
10 Day High71.91
10 Day Low69.25
20 Day High71.91
20 Day Low66.68
52 Week High76.38
52 Week Low55.8
CS1 End70.79
CR1 Start71.27
Volume & EV
DER(3)2.97%
DER(5)2.83%
Volume3.94M
Volume Incr1.51%
Vol(5)2.26M
Vol(50)2.06M