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Uptrend Broken SupportArchive
- 4/26/2024 -
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Travelers Companies, Inc. (TRV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Travelers Companies, Inc. (TRV). During the week, the TRV gave back -0.62 points, or -0.29%, and closed at 213.45 on Friday, April 26, 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 October 24, 2023 at 157.33 and reached 232.75 on April 4, 2024. TRV gained -75.42 points, or -47.94%, in 23 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (237.92) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See TRV medium-term trend chart]
A medium-term downtrend had started on April 4, 2024 at 232.75 and reached 202.60 on April 17, 2024. TRV lost 30.15 points, or 12.95%, in 1 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See TRV weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 April 23, 2024 at 215.95 and reached 210.92 on April 25, 2024. TRV lost 5.03 points, or 2.33%, in 2 days. The price is now at the 50.30% retracement level.
Daily Technical Indicators: [See TRV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 8, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (214.72) comes close to the price (213.45). 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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