The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 7/2/2026 -
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Hartford Financial Svc.Gp. (HIG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineTrend resistance at 138.60
Daily :Lane's Stochastic is overboughtBroken trend resistance lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Hartford Financial Svc.Gp. (HIG). During the week, the HIG gained 3.96 points, or 2.96%, and closed at 137.85 on Thursday, July 2, 2026. HIG was trading at average weekly trading volume.

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 144.50 on February 6, 2026. HIG gained -125.46 points, or -658.93%, in 307 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (116.62) 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 February 6, 2026 at 144.50 and reached 125.59 on June 1, 2026. HIG lost 18.91 points, or 13.09%, in 16 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (138.60). 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 March 6, 2026. This is an indication that the medium-term trend is down. 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 June 1, 2026 at 125.59 and reached 137.89 on July 2, 2026. HIG gained -12.30 points, or -9.79%, in 31 days. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (129.52) 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 short-term trend.

Daily Technical Indicators: [See HIG 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. 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 daily MACD line is above its signal line since June 11, 2026. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 71.84
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 88.33
Overbought
Greed/Fear Indicator (GFI) 78.47
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.59
Williams' Percentage Range (W%R) 47.80
Lane's Stochastic (%D-Slow) 29.09
Greed/Fear Indicator (GFI) 44.14
Moving Average Converg./Diverg. (MACD) 0.20
Trading Signals
Description Value Chart
Monthly Trendline Resistance 138.60
Price 137.85
Upper Bollinger Band 137.07
Daily Stochastic Crossing 136.69
50 Day Moving Average 132.59
Parabolic System 131.73
Weekly Trendline Resistance 131.59
20 Day Moving Average 130.86
Weekly Stochastic Crossing 129.91
Weekly Trendline Support 129.52
Lower Bollinger Band 126.91
Monthly Trendline Support 123.27
Yearly Trendline Support 116.62
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Property & Casualty Insurance 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 127.91
Low Date 06/18/2026
High 137.89
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 131.59
Support 129.52
Low 125.59
Low Date 06/01/2026
High 137.89
High Date 07/02/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 138.60
Support 123.27
High 144.50
High Date 02/06/2026
Low 125.59
Low Date 06/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.25
Low Date 03/15/2023
High 144.50
High Date 02/06/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 85.12
Support 116.62
Low 19.04
Low Date 03/18/2020
High 144.50
High Date 02/06/2026
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.