WHITE MOUNTAINS INSURANCE GP (WTM) Stock Technical Analysis
USA - NYSE:WTM - BMG9618E1075 - Common Stock
Overall WTM gets a technical rating of 8 out of 10. Although WTM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, WTM also presents a decent setup pattern. 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 1844.02, a Stop Loss order could be placed below this zone.
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1,633.99
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1818.58 to 1844.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @1767.20 from a horizontal line in the daily time frame.
- A support zone ranging from 1688.80 to 1730.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1650.49 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1906.34 to 1933.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1983.07 to 2015.01. 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 WTM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTM is up. |
| ChartMill Relative Strength | 56.11 | NEUTRAL | WTM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WTM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WTM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WTM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.28 | NEUTRAL | The RSI value for WTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.58 | NEGATIVE | The MACD value suggests WTM has a negative trend. |
| Stochastics (14,3) | 57.27 | NEUTRAL | The Stochastics value for WTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for WTM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for WTM suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 1,933.02 | 1,889.99 | 43.03 (2.23%) | 25.00% |
| An entry @1933.02. This is a Buy Stop order right above the resistance zone. | An exit @1889.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 43.03 points, which is 2.23%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WTM. 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.
1904.56
-2.44 (-0.13%)
WHITE MOUNTAINS INSURANCE GP / WTM FAQ
What is the ChartMill technical rating of WHITE MOUNTAINS INSURANCE GP (WTM) stock?
ChartMill assigns a technical rating of 8 / 10 to WTM.
What is the current trend direction of WHITE MOUNTAINS INSURANCE GP (WTM) stock?
The current trend direction for WHITE MOUNTAINS INSURANCE GP (WTM) is Bullish.
What is the RSI signal for WTM stock?
WHITE MOUNTAINS INSURANCE GP (WTM) has an RSI value of 55.2833. This indicates that the stock is currently neutral.
What is the MACD signal for WHITE MOUNTAINS INSURANCE GP (WTM) stock?
The MACD indicator for WHITE MOUNTAINS INSURANCE GP (WTM) has a value of -4.57987, indicating a bearish trend.
Can you provide the short term momentum for WHITE MOUNTAINS INSURANCE GP?
The short term momentum for WHITE MOUNTAINS INSURANCE GP (WTM) is positive.