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Archive
- 11/8/2024 -
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Travelers Companies, Inc. (TRV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Travelers Companies, Inc. (TRV). During the week, the TRV gained 11.30 points, or 4.60%, and closed at 256.90 on Friday, November 8, 2024. TRV was trading at average weekly trading volume.
TRV 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 TRV long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 76.99 and reached 269.55 on October 18, 2024. TRV gained -192.56 points, or -250.11%, in 239 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (189.07) 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 TRV medium-term trend chart]
A medium-term uptrend had started on June 28, 2024 at 200.21 and reached 269.55 on October 18, 2024. TRV gained -69.34 points, or -34.63%, in 16 weeks. The price is now at the 18.24% retracement level.
 Weekly Technical Indicators: [See TRV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 23, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See TRV short-term trend chart]
A short-term downtrend had started on October 18, 2024 at 269.55 and reached 241.90 on November 4, 2024. TRV lost 27.65 points, or 10.26%, in 17 days. The price is now at the 54.25% retracement level.
Daily Technical Indicators: [See TRV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since October 28, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (257.16) comes close to the price (256.90). It indicates that the trend is getting weaker. 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.
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