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Uptrend ExhaustionArchive
- 1/3/2025 -
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Hartford Financial Svc.Gp. (HIG) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Hartford Financial Svc.Gp. (HIG). During the week, the HIG gave back -0.60 points, or -0.54%, and closed at 109.50 on Friday, January 3, 2025. Weekly volume was -38% 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 124.90 on November 27, 2024. HIG gained -105.86 points, or -555.99%, in 245 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (93.64) 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 downtrend had started on November 27, 2024 at 124.90 and reached 106.10 on December 20, 2024. HIG lost 18.80 points, or 15.05%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (108.70). 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 medium-term trend.
 Weekly Technical Indicators: [See HIG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend 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 December 30, 2024 at 108.20 and reached 110.30 on January 2, 2025. HIG gained -2.10 points, or -1.94%, in 3 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See HIG daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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