The Greedy Trader Weekly Analysis
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Property & Casualty Insurance Industry Stocks Technical Analysis - CB

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- 3/15/2024 -
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Chubb Corp (CB) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Lane's Stochastic is overboughtStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Chubb Corp (CB). During the week, the CB gained 7.48 points, or 3.01%, and closed at 256.29 on Friday, March 15, 2024. It was the best weekly gain since January 19, 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 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 191.58 and resistance is at 264.46. 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 March 24, 2023 at 183.40 and reached 260.58 on March 13, 2024. CB gained -77.18 points, or -42.08%, in 50 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (231.13) 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 CB weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish 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 weekly 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. 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 July 21, 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 CB short-term trend chart]
A short-term uptrend had started on March 8, 2024 at 247.18 and reached 260.58 on March 13, 2024. CB gained -13.40 points, or -5.42%, in 5 days. The price is now at the 32.01% retracement level.

Daily Technical Indicators: [See CB 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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.79
Williams' Percentage Range (W%R) 39.20
Lane's Stochastic (%D-Slow) 85.89
Overbought
Greed/Fear Indicator (GFI) 66.50
Moving Average Converg./Diverg. (MACD) 3.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.05
Overbought
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 89.34
Overbought Bearish
Greed/Fear Indicator (GFI) 83.25
Overbought
Moving Average Converg./Diverg. (MACD) 9.61 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 264.46
Upper Bollinger Band 259.09
Daily Stochastic Crossing 258.56
Weekly Stochastic Crossing 257.26
Price 256.29
20 Day Moving Average 253.15
Parabolic System 249.62
Lower Bollinger Band 245.57
Monthly Trendline Resistance 245.26
50 Day Moving Average 244.58
Quarterly Trendline Resistance 237.86
Quarterly Trendline Support 231.13
Monthly Trendline Support 229.10
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Property & Casualty Insurance 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 247.18
Low Date 03/08/2024
High 260.58
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 216.91
Low Date 12/21/2023
High 260.58
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 245.26
Support 229.10
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 Rising Wedge
Status Broken Resistance
Resistance 237.86
Support 231.13
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 264.46
Support 191.58
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.