WR BERKLEY CORP (WRB) Stock Technical Analysis
NYSE:WRB • US0844231029
Overall WRB gets a technical rating of 5 out of 10. In the past year, WRB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month WRB has a been trading in the 65.02 - 73.07 range, which is quite wide. It is currently trading near the high of this range.
- WRB has an average volume of 2575610 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 47% of all stocks.
- WRB is an average performer in the Insurance industry, it outperforms 68% of 150 stocks in the same industry.
- WRB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WRB is lagging the market.
Although the technical rating is only medium, WRB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 71.06, a Stop Loss order could be placed below this zone.
More info and screens
65.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 69.29 to 71.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.61 to 67.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 78.10 to 78.46. 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 | NEUTRAL | NEUTRAL | The long term trend for WRB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WRB is up. |
| ChartMill Relative Strength | 47.45 | 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) | UP | POSITIVE | The current price of WRB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WRB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.83 | NEUTRAL | The RSI value for WRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests WRB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.97 | NEUTRAL | The Stochastics value for WRB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for WRB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.81 | NEGATIVE | The low ADX value for WRB suggests a weak or negative trend. |
71.08
+0.74 (+1.05%)
WR BERKLEY CORP / WRB FAQ
What is the ChartMill technical rating of WR BERKLEY CORP (WRB) stock?
ChartMill assigns a technical rating of 5 / 10 to WRB.
Can you provide the trend direction for WR BERKLEY CORP?
The current trend direction for WR BERKLEY CORP (WRB) is Bearish.
What is the RSI signal for WRB stock?
WR BERKLEY CORP (WRB) has an RSI value of 55.8272. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WR BERKLEY CORP?
The MACD indicator for WR BERKLEY CORP (WRB) has a value of 0.187209, indicating a bearish trend.
What is the support and resistance level for WRB stock?
WR BERKLEY CORP (WRB) has a support level at 71.06 and a resistance level at 78.1. Check the full technical report for our detailed analysis of WRB support and resistance levels.