CHUBB LTD. - 1H - Technical analysis published on 04/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 246.80 USD
My targets
253.59 USD (+1.86%)
256.99 USD (+3.23%)
My analysis
The bullish trend is currently very strong on CHUBB LTD.. As long as the price remains above the support at 246.80 USD, you could try to benefit from the boom. The first bullish objective is located at 253.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 256.99 USD as an objective. Crossing it would then enable buyers to target 259.35 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHUBB LTD. rating is 248.96 USD. On the day, this instrument lost -0.10% and was between 248.24 USD and 250.30 USD. This implies that the price is at +0.29% from its lowest and at -0.54% from its highest.248.24
250.30
248.96
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHUBB LTD. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 241.38 | 243.53 | 246.80 | 248.96 | 249.39 | 253.59 | 256.99 |
| Change (%) | -3.04% | -2.18% | -0.87% | - | +0.17% | +1.86% | +3.23% |
| Change | -7.58 | -5.43 | -2.16 | - | +0.43 | +4.63 | +8.03 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 242.86 | 244.19 | 246.70 | 248.03 | 250.54 | 251.87 | 254.38 |
| Camarilla | 248.16 | 248.52 | 248.87 | 249.22 | 249.57 | 249.92 | 250.28 |
| Woodie | 243.46 | 244.49 | 247.30 | 248.33 | 251.14 | 252.17 | 254.98 |
| Fibonacci | 244.19 | 245.65 | 246.56 | 248.03 | 249.49 | 250.40 | 251.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 223.62 | 231.24 | 238.34 | 245.96 | 253.06 | 260.68 | 267.78 |
| Camarilla | 241.40 | 242.75 | 244.10 | 245.45 | 246.80 | 248.15 | 249.50 |
| Woodie | 223.37 | 231.11 | 238.09 | 245.83 | 252.81 | 260.55 | 267.53 |
| Fibonacci | 231.24 | 236.86 | 240.33 | 245.96 | 251.58 | 255.05 | 260.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 236.57 | 241.46 | 250.30 | 255.19 | 264.03 | 268.92 | 277.76 |
| Camarilla | 255.35 | 256.61 | 257.87 | 259.13 | 260.39 | 261.65 | 262.91 |
| Woodie | 238.54 | 242.45 | 252.27 | 256.18 | 266.00 | 269.91 | 279.73 |
| Fibonacci | 241.46 | 246.71 | 249.95 | 255.19 | 260.44 | 263.68 | 268.92 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.64 | |
| MACD (12,26,9): | 0.8300 | |
| Directional Movement: | 11.45 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 248.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 250.03 | |
| Elder Ray (13): | 0.57 | |
| Super Trend (3,10): | 245.91 | |
| Zig ZAG (10): | 248.92 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 76.73 | |
| TEMA (21): | 249.66 | |
| Williams %R (14): | -32.78 | |
| Chande Momentum Oscillator (20): | 0.70 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.21 |
| MA7: | 247.69 | |
| MA20: | 248.12 | |
| MA50: | 251.80 | |
| MA100: | 242.02 | |
| MAexp7: | 248.88 | |
| MAexp20: | 248.00 | |
| MAexp50: | 247.32 | |
| MAexp100: | 247.90 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +0.34% | |
| Price / MA50: | -1.13% | |
| Price / MA100: | +2.87% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | +0.43% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CHUBB LTD. at the time of the analysis were as follows:
- Chubb Report: Damage During Home Renovations and from Extreme Weather are Top Concerns of U.K. High Earners
- Chubb Reports First Quarter Per Share Net Income and Core Operating Income of $5.23 and $5.41, Up 15.5% and 22.7%, Respectively; Consolidated Net Premiums Written of $12.2 Billion, Up 14.1%, with P&C Up 12.4% and Life Insurance Up 26.3%; P&C Combined Ratio of 86.0%
- Chubb to Acquire Healthy Paws, a Leading Pet Insurance Provider
- Chubb Limited to Hold its First Quarter Earnings Conference Call on Wednesday, April 24, 2024
- Chubb Launches HealthTech Industry Practice in UK
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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