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Archive
- 4/19/2024 -
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Hartford Financial Svc.Gp. (HIG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Hartford Financial Svc.Gp. (HIG). During the week, the HIG gained 1.17 points, or 1.20%, and closed at 98.95 on Friday, April 19, 2024. Weekly volume was 15% above average.
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 103.64 on April 8, 2024. HIG gained -84.60 points, or -444.33%, in 211 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (82.68) 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 long-term trend.
 Medium-term trend: [See HIG medium-term trend chart]
A medium-term uptrend had started on March 15, 2023 at 64.25 and reached 103.64 on April 8, 2024. HIG gained -39.39 points, or -61.31%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (73.27) 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 HIG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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. Use the following link to access a MACD help.
 Short-term trend: [See HIG short-term trend chart]
A short-term downtrend had started on April 8, 2024 at 103.64 and reached 95.52 on April 17, 2024. HIG lost 8.12 points, or 7.83%, in 9 days. The price is now at the 42.24% retracement level.
 Daily Technical Indicators: [See HIG daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is below its signal line since March 28, 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 moved above 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.
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