Alleghany Corp (Y) Stock Technical Analysis
NYSE:Y - New York Stock Exchange, Inc. - US0171751003 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to Y. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, Y is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Y is one of the better performing stocks in the Insurance industry, it outperforms 90% of 143 stocks in the same industry.
Y is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so Y is leading the market.
When comparing the yearly performance of all stocks, we notice that Y is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month Y has a been trading in a tight range between 839.37 and 848.00.
Volume is considerably higher in the last couple of days.
Although Y has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
671.27
868.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 829.84 to 844.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @678.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 847.90 to 860.01. 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 Y is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for Y is up. |
| ChartMill Relative Strength | 91.87 | POSITIVE | Y has a high relative strength, it outperformed 91.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of Y is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of Y is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of Y is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.7 | NEUTRAL | The RSI value for Y is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests Y has a positive trend. |
| Stochastics (14,3) | 84.04 | OVERBOUGHT | The high Stochastics value suggests Y may be overbought. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for Y suggests low volalility. |
| Average Directional Index/ADX (14) | 35.69 | POSITIVE | The high ADX value value for Y suggests a strong 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)
847.79
0.01 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0%
1 Week0.69%
2 Weeks0.54%
1 Month0.59%
3 Month1.27%
6 Month1.5%
12 Month24.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.02
ATR(20)%0.22%
ATR Inc53.88%
Range Today0.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.87
Mansfield2.35
10 Day High848
10 Day Low841.05
20 Day High848
20 Day Low839.37
52 Week High862.87
52 Week Low585.1
CS1 End844.55
CR1 Start847.9
Volume & EV
DER(3)-4.09%
DER(5)-2.79%
Volume634.00K
Volume Incr139.87%
Vol(5)214.92K
Vol(50)84.71K