The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Hartford Financial Svc.Gp. (HIG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Lane's Stochastic is overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Hartford Financial Svc.Gp. (HIG). During the week, the HIG gained 2.21 points, or 2.28%, and closed at 99.07 on Friday, March 15, 2024. HIG was trading at average weekly trading volume.

HIG 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 HIG long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 19.04 and reached 100.04 on March 13, 2024. HIG gained -81.00 points, or -425.42%, in 208 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (81.20) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See HIG medium-term trend chart]
A medium-term uptrend had started on October 4, 2023 at 68.82 and reached 100.04 on March 13, 2024. HIG gained -31.22 points, or -45.36%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (87.22) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 HIG weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 27, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See HIG short-term trend chart]
A short-term uptrend had started on March 4, 2024 at 94.32 and reached 100.04 on March 13, 2024. HIG gained -5.72 points, or -6.06%, in 9 days. The price is now at the 16.96% retracement level.

Daily Technical Indicators: [See HIG daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.66
Bearish
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 89.43
Overbought Bearish
Greed/Fear Indicator (GFI) 78.43
Moving Average Converg./Diverg. (MACD) 2.48 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.75
Strong Overbought
Williams' Percentage Range (W%R) 6.10
Strong Overbought
Lane's Stochastic (%D-Slow) 95.01
Strong Overbought
Greed/Fear Indicator (GFI) 88.10
Overbought
Moving Average Converg./Diverg. (MACD) 4.32
Trading Signals
Description Value Chart
Upper Bollinger Band 99.68
Daily Stochastic Crossing 99.48
Weekly Stochastic Crossing 99.26
Price 99.07
Parabolic System 97.23
20 Day Moving Average 96.22
Lower Bollinger Band 92.06
Monthly Trendline Resistance 90.94
50 Day Moving Average 90.40
Monthly Trendline Support 87.22
Yearly Trendline Resistance 81.38
Yearly Trendline Support 81.20
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Property & Casualty Insurance 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 94.32
Low Date 03/04/2024
High 100.04
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 78.33
Low Date 12/21/2023
High 100.04
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 90.94
Support 87.22
Low 68.82
Low Date 10/04/2023
High 100.04
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.25
Low Date 03/15/2023
High 100.04
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 81.38
Support 81.20
Low 19.04
Low Date 03/18/2020
High 100.04
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.