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Archive
- 12/13/2024 -
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Chubb Corp (CB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Chubb Corp (CB). During the week, the CB dropped -7.22 points, or -2.55%, and closed at 276.10 on Friday, December 13, 2024. CB was trading at average weekly trading volume.
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 302.05 on October 17, 2024. CB gained -268.58 points, or -802.45%, in 836 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (282.04). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See CB medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 183.40 and reached 302.05 on October 17, 2024. CB gained -118.65 points, or -64.69%, in 81 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (279.64) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CB may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See CB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. The distance between MACD and the signal line is relatively high and getting bigger. 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 November 27, 2024 at 292.70 and reached 273.60 on December 11, 2024. CB lost 19.10 points, or 6.53%, in 14 days. The price is now at the 13.09% retracement level.
 Daily Technical Indicators: [See CB daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 daily MACD line is below its signal line since December 5, 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.
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