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. Both in the recent history as in the last year, WRB has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WRB did better than 92% of all other 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 143 other stocks in this industry. WRB outperforms 87% of them.
WRB 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 WRB is performing more or less in line with the market.
WRB has an average volume of 1980010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WRB has a been trading in a tight range between 69.93 and 73.97.
Considerably lower volume is observed in the last couple of days.
WRB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 73.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.07, a Stop Loss order could be placed below this zone.
More info and screens
55.94
74.56
5 important support areas can be observed.
- A support zone ranging from 72.38 to 73.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.02 from a horizontal line in the daily time frame.
- A support zone ranging from 68.69 to 69.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.58 to 60.94. 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 73.28 to 73.82. 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 | 92.29 | POSITIVE | WRB has a high relative strength, it outperformed 92.29% off all stocks 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) | UP | POSITIVE | The current price of WRB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.6 | NEUTRAL | The RSI value for WRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests WRB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.84 | NEUTRAL | The Stochastics value for WRB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for WRB suggests low volalility. |
| Average Directional Index/ADX (14) | 18.59 | 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)
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 |
|---|---|---|---|
| 73.83 | 72.37 | 1.46 (1.98%) | 25.00% |
| An entry @73.83. This is a Buy Stop order right above the resistance zone. | An exit @72.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.46 points, which is 1.98%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- 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.
73.08
+0.89 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.23%
1 Week-0.27%
2 Weeks0.81%
1 Month3.69%
3 Month19.86%
6 Month17.36%
12 Month38.25%
2 Year96.87%
3 Year54.11%
5 Year183.74%
10 Year403.36%
15 Year804.79%
Volatility
ATR(14)1.13
ATR(20)%1.67%
ATR Inc22.69%
Range Today1.27
ADR(20)1.18
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.29
Mansfield1.88
10 Day High73.97
10 Day Low70.29
20 Day High73.97
20 Day Low69.93
52 Week High76.38
52 Week Low51.17
CS1 End73.07
CR1 Start73.28
Volume & EV
DER(3)0.27%
DER(5)1.42%
Volume1.26M
Volume Incr-33.25%
Vol(5)1.10M
Vol(50)1.98M