CB breaks below 20-day moving average

Chubb Limited (CB) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team


CB breaks below 20-day moving average
CB closes lower for the 5th day in a row
CB breaks below previous session low
CB falls to lowest close since July 25th


Moving lower for the 5th day in a row, CB finished the week -2.1% lower at 135.89 after losing $1.19 (-0.87%) today. Today's closing price of 135.89 marks the lowest close since July 25th. Closing below Thursday's low at 137.03, the share confirms its breakout through the prior session's low having traded $1.68 below it intraday.

Daily Candlestick Chart (CB as at Aug 10, 2018):

Daily technical analysis candlestick chart for Chubb Limited (CB) as at Aug 10, 2018

Friday's trading range was $1.05 (0.77%), that's below last trading month's daily average range of $1.66. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

Prices are trading close to a key support level at 135.10.

Chubb Corp. shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish. The stock broke below the 20-day moving average at 136.48 today for the first time since June 14th.

Market Conditions for CB as at Aug 10, 2018

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