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Archive
- 11/22/2024 -
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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 third consecutive positive week for the Hartford Financial Svc.Gp. (HIG). During the week, the HIG gained 2.40 points, or 2.03%, and closed at 120.40 on Friday, November 22, 2024. Weekly volume was -33% below 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 123.23 on October 17, 2024. HIG gained -104.19 points, or -547.22%, in 239 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (91.98) 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 123.23 on October 17, 2024. HIG gained -54.41 points, or -79.06%, in 54 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 113.37 and resistance is at 127.03. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See HIG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 25, 2024. The distance between MACD and the signal line is low and getting smaller. 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 November 1, 2024 at 109.90 and reached 120.70 on November 22, 2024. HIG gained -10.80 points, or -9.83%, in 21 days. Price is near the trend high.
Daily Technical Indicators: [See HIG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 7, 2024. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
12 |
| Industry |
Property & Casualty Insurance |
77 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
109.90 |
| Low Date |
11/01/2024 |
| High |
120.70 |
| High Date |
11/22/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
123.23 |
| High Date |
10/17/2024 |
| Low |
109.90 |
| Low Date |
11/01/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
127.03 |
| Support |
113.37 |
| Low |
68.82 |
| Low Date |
10/04/2023 |
| High |
123.23 |
| High Date |
10/17/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
64.25 |
| Low Date |
03/15/2023 |
| High |
123.23 |
| High Date |
10/17/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Resistance |
| Resistance |
82.52 |
| Support |
91.98 |
| Low |
19.04 |
| Low Date |
03/18/2020 |
| High |
123.23 |
| High Date |
10/17/2024 |
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