SELECTIVE INSURANCE GROUP INC. - Daily - Technical analysis published on 07/17/2019 (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
33%
28%
39%
My opinion
Bullish above 72.54 USD
My targets
77.90 USD (+2.72%)
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 72.54 USD remains possible. It is advisable to trade SELECTIVE INSURANCE GROUP INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 72.54 USD. The next bullish objective for buyers is set at 77.90 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 72.54 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.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SELECTIVE INSURANCE GROUP INC. rating is 75.84 USD. On the day, this instrument lost -0.63% with the lowest point at 75.50 USD and the highest point at 76.31 USD. The deviation from the price is +0.45% for the low point and -0.62% for the high point.75.50
76.31
75.84
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SELECTIVE INSURANCE GROUP INC. indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 61.68 | 66.62 | 72.54 | 75.84 | 77.90 |
| Change (%) | -18.67% | -12.16% | -4.35% | - | +2.72% |
| Change | -14.16 | -9.22 | -3.30 | - | +2.06 |
| Level | Major | Major | Intermediate | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.36 | 75.71 | 76.02 | 76.37 | 76.68 | 77.03 | 77.34 |
| Camarilla | 76.14 | 76.20 | 76.26 | 76.32 | 76.38 | 76.44 | 76.50 |
| Woodie | 75.33 | 75.70 | 75.99 | 76.36 | 76.65 | 77.02 | 77.31 |
| Fibonacci | 75.71 | 75.97 | 76.12 | 76.37 | 76.63 | 76.78 | 77.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.05 | 73.91 | 75.46 | 77.32 | 78.87 | 80.73 | 82.28 |
| Camarilla | 76.08 | 76.40 | 76.71 | 77.02 | 77.33 | 77.65 | 77.96 |
| Woodie | 71.91 | 73.83 | 75.32 | 77.24 | 78.73 | 80.65 | 82.14 |
| Fibonacci | 73.91 | 75.21 | 76.01 | 77.32 | 78.62 | 79.42 | 80.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.43 | 67.16 | 71.03 | 74.76 | 78.63 | 82.36 | 86.23 |
| Camarilla | 72.80 | 73.50 | 74.19 | 74.89 | 75.59 | 76.28 | 76.98 |
| Woodie | 63.49 | 67.20 | 71.09 | 74.80 | 78.69 | 82.40 | 86.29 |
| Fibonacci | 67.16 | 70.07 | 71.86 | 74.76 | 77.67 | 79.46 | 82.36 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.16 | |
| MACD (12,26,9): | 0.6900 | |
| Directional Movement: | -0.13 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 77.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 74.88 | |
| Elder Ray (13): | -0.48 | |
| Super Trend (3,10): | 78.01 | |
| Zig ZAG (10): | 75.82 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 60.34 | |
| TEMA (21): | 76.76 | |
| Williams %R (14): | -43.61 | |
| Chande Momentum Oscillator (20): | 0.91 | |
| Repulse (5,40,3): | -1.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 3.66 |
| MA7: | 76.68 | |
| MA20: | 76.22 | |
| MA50: | 74.10 | |
| MA100: | 70.09 | |
| MAexp7: | 76.41 | |
| MAexp20: | 76.07 | |
| MAexp50: | 74.08 | |
| MAexp100: | 71.17 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | +2.35% | |
| Price / MA100: | +8.20% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | +2.38% | |
| Price / MAexp100: | +6.56% |
News
The latest news and videos published on SELECTIVE INSURANCE GROUP INC. at the time of the analysis were as follows:
- Selective Insurance Group Announces Notice of Redemption of 5.875% Senior Notes
- Selective Insurance Group Announces the Pricing of $300 Million Senior Notes
- Selective to Present at the Bank of America Merrill Lynch 2019 Insurance Conference
- Selective to Nominate John Marchioni to Stand for Election to Board of Directors
- Selective Reports Excellent Results for the Fourth Quarter of 2018 - Net Income per Diluted Share of $0.76; Record Non-GAAP Operating Income(1) per Diluted Share of $1.20; and Strong Full Year 2018 Results with a Return on Equity ("ROE") of 10.2% and Non-GAAP Operating ROE(1) of 12.5%
This member declared not having a position on this financial instrument or a related financial instrument.
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