Selective Insurance Technical Analysis (NASDAQ:SIGI)
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 SIGI stock chart pattern can give those who understand technical analysis an indication of which way SIGI stock is headed, but cannot predict with 100% certainty as to what can happen to the Selective Insurance stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Selective Insurance. Technical analysis uses an approach for Selective Insurance stock analysis that does not care for the fair value of a company but uses price and volume data only.
Selective Insurance Moving Average
Moving averages show the average price of SIGI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Selective Insurance are mostly signals of long term trends and will help long term traders.
Selective Insurance Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Selective Insurance. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $63.55 is in the upper range of Selective Insurance bollinger bands.
Selective Insurance 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 Selective Insurance MACD indicator can be used to identify bullish and bearish trends for the stock.
Selective Insurance 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. 72.77 is the RSI value of SIGI stock.