HARTFORD FIN. GROUP - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 54.94 USD
My targets
59.11 USD (+0.29%)
60.78 USD (+3.12%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 54.94 USD remains possible. It is advisable to trade HARTFORD FIN. GROUP with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 54.94 USD. The next bullish objective for buyers is set at 59.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 60.78 USD. If there is any crossing, the next objective would be the resistance located at 68.74 USD. PS: if there is a bearish break in the support located at 54.94 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HARTFORD FIN. GROUP rating 58.94 USD. The price is lower by -0.96% since the last closing with the lowest point at 58.93 USD and the highest point at 59.53 USD. The deviation from the price is +0.02% for the low point and -0.99% for the high point.58.93
59.53
58.94
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HARTFORD FIN. GROUP:
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
Technical
Technical analysis of HARTFORD FIN. GROUP in Daily shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 47.13 | 52.46 | 54.94 | 58.94 | 59.11 | 60.78 | 68.74 |
| Change (%) | -20.04% | -10.99% | -6.79% | - | +0.29% | +3.12% | +16.63% |
| Change | -11.81 | -6.48 | -4.00 | - | +0.17 | +1.84 | +9.80 |
| Level | Major | Minor | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.18 | 57.68 | 58.59 | 59.09 | 60.01 | 60.51 | 61.42 |
| Camarilla | 59.12 | 59.25 | 59.38 | 59.51 | 59.64 | 59.77 | 59.90 |
| Woodie | 57.39 | 57.78 | 58.80 | 59.20 | 60.22 | 60.61 | 61.63 |
| Fibonacci | 57.68 | 58.22 | 58.55 | 59.09 | 59.63 | 59.97 | 60.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.32 | 55.86 | 57.69 | 59.23 | 61.06 | 62.60 | 64.43 |
| Camarilla | 58.58 | 58.89 | 59.20 | 59.51 | 59.82 | 60.13 | 60.44 |
| Woodie | 54.46 | 55.93 | 57.83 | 59.30 | 61.20 | 62.67 | 64.57 |
| Fibonacci | 55.86 | 57.15 | 57.95 | 59.23 | 60.52 | 61.32 | 62.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.43 | 56.72 | 58.66 | 59.95 | 61.89 | 63.18 | 65.12 |
| Camarilla | 59.72 | 60.02 | 60.31 | 60.61 | 60.91 | 61.20 | 61.50 |
| Woodie | 55.77 | 56.88 | 59.00 | 60.11 | 62.23 | 63.34 | 65.46 |
| Fibonacci | 56.72 | 57.95 | 58.71 | 59.95 | 61.18 | 61.94 | 63.18 |
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): | 46.19 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -2.13 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 59.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 60.64 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 60.39 | |
| Zig ZAG (10): | 58.94 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 38.66 | |
| TEMA (21): | 59.27 | |
| Williams %R (14): | -59.95 | |
| Chande Momentum Oscillator (20): | -1.70 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.93 |
| MA7: | 59.32 | |
| MA20: | 59.91 | |
| MA50: | 58.89 | |
| MA100: | 57.01 | |
| MAexp7: | 59.26 | |
| MAexp20: | 59.56 | |
| MAexp50: | 58.78 | |
| MAexp100: | 56.89 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | -1.62% | |
| Price / MA50: | +0.08% | |
| Price / MA100: | +3.39% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -1.04% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +3.60% |
News
Don"t forget to follow the news on HARTFORD FIN. GROUP. At the time of publication of this analysis, the latest news was as follows:
- Investor Network: Hillenbrand, Inc. to Host Earnings Call
- West Hartford Chiropractic Sponsors Copper Beech Institute's Annual Harvest Celebration
- Connecticut Technology Council Brings Tenth Annual Innovation Summit Back to Hartford
- Apple trade offers a 5% return in 44 days, or find similar option trades on Valeant Pharmaceuticals, Sears Holdings, The Hartford Financial Services Group Inc., and Salesforce.com
- East Hartford, Connecticut to Host Modine Innovation Tour
This member declared not having a position on this financial instrument or a related financial instrument.
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