CB breaks below 20-day moving average
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Chubb Corp.
|Bullish Break through SMA 100||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
|Strong Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro