CB still stuck within tight trading range

Chubb Corp. (CB) Technical Analysis Report for Apr 16, 2018

Highlights

CB fails to close above 20-day moving average
CB rises to highest close since April 4th
CB still stuck within tight trading range
CB closes within previous day's range
CB ends the day indecisive

TQ Sentiment

Report Sentiment: 0% Neutral
Technical Forecast:

Overview

CB ended Monday at 135.79 gaining $1.79 (1.34%). Today's closing price of 135.79 marks the highest close since April 4th. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for CB

Volatility

Monday's trading range was $2.38 (1.76%), that's slightly below last trading month's daily average range of $2.65. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average. Prices continued to consolidate within a tight trading range between 133.39 and 136.79 which it has been in now for the last trading week.

Price Action

After moving lower in the prior session, the stock managed to close higher but below the previous day's open, forming a bullish Harami Candle.

Support/Resistance

After spiking up to 136.79 during the day, the share found resistance at the 20-day moving average at 136.01.

Trend

Although Chubb Corp. is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying could speed up should prices move above the nearby swing high at 137.15 where further buy stops might get activated. Selling could accelerate should prices move below the close-by swing low at 133.39 where further sell stops might get triggered. With prices trading close to this year's low at 131.14, downside momentum could speed up should the market break out to new lows for the year. As prices are trading close to April's high at 137.15, upside momentum might accelerate should CB mark new highs for the month.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Chubb Corp.

Loading Market Conditions for $CB (Chubb Corp.)...
Latest Report:

CB closes lower for the 2nd day in a row

Sep 21, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Chubb Corp. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

ACGL 10 day candlestick chart for ACGL 30.20 -0.02 (-0.07%)
ADS 10 day candlestick chart for ADS 248.69 0.89 (0.36%)
AFG 10 day candlestick chart for AFG 113.51 -0.83 (-0.73%)
AFL 10 day candlestick chart for AFL 48.04 0.15 (0.31%)
AGO 10 day candlestick chart for AGO 42.28 -0.01 (-0.02%)
AHL 10 day candlestick chart for AHL 41.50 -0.05 (-0.12%)
AIG 10 day candlestick chart for AIG 54.67 0.35 (0.64%)
AIZ 10 day candlestick chart for AIZ 105.21 -0.40 (-0.38%)
AJG 10 day candlestick chart for AJG 75.91 -0.22 (-0.29%)
ALLY 10 day candlestick chart for ALLY 27.54 -0.04 (-0.15%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!