Everest Re Technical Analysis (NYSE:RE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The RE stock chart pattern can give those who understand technical analysis an indication of which way RE stock is headed, but cannot predict with 100% certainty as to what can happen to the Everest Re stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Everest Re. The technical analysis form of Everest Re stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Everest Re Moving Average
Moving averages show the average price of RE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $247.11 is below the last closing price of $261.4 and the 50 day moving average of $235.56 is below the last closing price of $261.4. The 10 and 20 day periods can predict short term moving average trends.
Everest Re Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Everest Re. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Everest Re bollinger bands.
Everest Re Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Everest Re MACD line is below the signal line.
Everest Re Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of RE stock is 79.04.