WHITE MOUNTAINS INSURANCE GP (WTM) Stock Technical Analysis
NYSE:WTM • BMG9618E1075
We assign a technical rating of 10 out of 10 to WTM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WTM is showing a nice and steady performance.
- Warning: WTM has an average volume of 17372 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that WTM is one of the better performing stocks in the market, outperforming 73% of all stocks. On top of that, WTM also shows a nice and consistent pattern of rising prices.
- WTM is one of the better performing stocks in the Insurance industry, it outperforms 89% of 150 stocks in the same industry.
- WTM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- WTM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WTM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 2228.13. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1,671.91
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2139.96 to 2161.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2013.52 to 2044.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1774.70 from a horizontal line in the daily time frame.
- Strong support @1730.13 from a horizontal line in the weekly time frame.
- Support @1688.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2228.13 to 2230.83. 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 | 73.15 | POSITIVE | WTM has a high relative strength, it outperformed 73.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WTM is above 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) | 62.37 | NEUTRAL | The RSI value for WTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.85 | POSITIVE | The MACD value suggests WTM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.97 | NEUTRAL | The Stochastics value for WTM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for WTM suggests some volalility. |
| Average Directional Index/ADX (14) | 35.44 | POSITIVE | The high ADX value value for WTM suggests a strong 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 |
|---|---|---|---|
| 2,230.84 | 2,139.99 | 90.85 (4.07%) | 24.56% |
| An entry @2230.84. This is a Buy Stop order right above the resistance zone. | An exit @2139.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 90.85 points, which is 4.07%. | When investing 24.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
2220.51
-2.46 (-0.11%)
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 10 / 10 to WTM.
What is the trend direction for 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 62.3749. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WHITE MOUNTAINS INSURANCE GP?
The MACD indicator for WHITE MOUNTAINS INSURANCE GP (WTM) has a value of 2.84896, indicating a bullish 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.