The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/5/2024 -
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Chubb Corp (CB) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the Chubb Corp (CB). During the week, the CB dropped -6.23 points, or -2.40%, and closed at 252.90 on Friday, April 5, 2024. Weekly volume was -38% below average.

CB is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CB long-term trend chart]
A long-term uptrend had started on October 8, 2008 at 33.47 and reached 260.58 on March 13, 2024. CB gained -227.11 points, or -678.55%, in 805 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 192.33 and resistance is at 265.76. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CB medium-term trend chart]
A medium-term uptrend had started on June 29, 2023 at 183.71 and reached 260.58 on March 13, 2024. CB gained -76.87 points, or -41.84%, in 36 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (232.15) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 21, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CB short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 260.58 and reached 252.02 on April 4, 2024. CB lost 8.56 points, or 3.28%, in 22 days. The price is now at the 10.28% retracement level.

Daily Technical Indicators: [See CB daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 20, 2024. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.67
Williams' Percentage Range (W%R) 49.10
Lane's Stochastic (%D-Slow) 21.46
Greed/Fear Indicator (GFI) 37.34
Moving Average Converg./Diverg. (MACD) 1.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.18
Williams' Percentage Range (W%R) 14.80
Overbought
Lane's Stochastic (%D-Slow) 82.40
Overbought
Greed/Fear Indicator (GFI) 77.69
Moving Average Converg./Diverg. (MACD) 10.72
Trading Signals
Description Value Chart
Yearly Trendline Resistance 265.76
Parabolic System 260.15
Upper Bollinger Band 260.11
Weekly Stochastic Crossing 257.65
20 Day Moving Average 256.26
Daily Stochastic Crossing 253.10
Price 252.90
50 Day Moving Average 251.74
Lower Bollinger Band 249.76
Monthly Trendline Resistance 248.17
Monthly Trendline Support 232.15
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Property & Casualty Insurance 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 259.92
High Date 03/28/2024
Low 252.02
Low Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 260.58
High Date 03/13/2024
Low 252.02
Low Date 04/04/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 248.17
Support 232.15
Low 183.71
Low Date 06/29/2023
High 260.58
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 183.40
Low Date 03/24/2023
High 260.58
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 265.76
Support 192.33
Low 33.47
Low Date 10/08/2008
High 260.58
High Date 03/13/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.