CB breaks below 20-day moving average


Chubb Corp. (CB) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
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
TQ Sentiment
Report Sentiment: 40% Bearish
Technical Forecast:
Overview

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 chart for CB
Volatility

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.

Support/Resistance

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

Trend

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.

Conclusion

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.
Condition Forecast Direction Win Avg Worst Best Events
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...
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Latest Report:

CB rockets 1.3% closing $1.73 higher

Aug 16, 2018
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