VERISK ANALYTICS INC. - 1H - Technical analysis published on 11/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bearish under 241.79 USD
My targets
233.77 USD (-1.40%)
227.03 USD (-4.24%)
My analysis
The strong short-term decline in VERISK ANALYTICS INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 241.79 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 233.77 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 227.03 USD as an objective. Crossing it would then enable sellers to target 221.89 USD. Be careful, a return to above 241.79 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.9
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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 VERISK ANALYTICS INC. rating is 237.09 USD. On the day, this instrument lost -0.01% with the lowest point at 236.55 USD and the highest point at 238.11 USD. The deviation from the price is +0.23% for the low point and -0.43% for the high point.236.55
238.11
237.09
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
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of VERISK ANALYTICS INC. indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 227.03 | 233.77 | 236.73 | 237.09 | 241.79 | 247.78 |
| Change (%) | -4.24% | -1.40% | -0.15% | - | +1.98% | +4.51% |
| Change | -10.06 | -3.32 | -0.36 | - | +4.70 | +10.69 |
| Level | Major | Minor | Minor | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 233.34 | 234.95 | 236.04 | 237.65 | 238.74 | 240.35 | 241.44 |
| Camarilla | 236.38 | 236.63 | 236.87 | 237.12 | 237.37 | 237.62 | 237.86 |
| Woodie | 233.07 | 234.82 | 235.77 | 237.52 | 238.47 | 240.22 | 241.17 |
| Fibonacci | 234.95 | 235.99 | 236.62 | 237.65 | 238.69 | 239.32 | 240.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 229.92 | 233.25 | 235.18 | 238.51 | 240.44 | 243.77 | 245.70 |
| Camarilla | 235.67 | 236.16 | 236.64 | 237.12 | 237.60 | 238.08 | 238.57 |
| Woodie | 229.23 | 232.90 | 234.49 | 238.16 | 239.75 | 243.42 | 245.01 |
| Fibonacci | 233.25 | 235.26 | 236.50 | 238.51 | 240.52 | 241.76 | 243.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 189.39 | 205.64 | 216.50 | 232.75 | 243.61 | 259.86 | 270.72 |
| Camarilla | 219.91 | 222.39 | 224.88 | 227.36 | 229.85 | 232.33 | 234.82 |
| Woodie | 186.70 | 204.29 | 213.81 | 231.40 | 240.92 | 258.51 | 268.03 |
| Fibonacci | 205.64 | 216.00 | 222.39 | 232.75 | 243.11 | 249.50 | 259.86 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.93 | |
| MACD (12,26,9): | -0.3300 | |
| Directional Movement: | 3.77 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 237.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 236.55 | |
| Elder Ray (13): | -0.46 | |
| Super Trend (3,10): | 240.14 | |
| Zig ZAG (10): | 237.22 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 16.10 | |
| TEMA (21): | 236.67 | |
| Williams %R (14): | -70.40 | |
| Chande Momentum Oscillator (20): | -0.75 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.44 |
| MA7: | 237.77 | |
| MA20: | 232.15 | |
| MA50: | 237.73 | |
| MA100: | 235.39 | |
| MAexp7: | 237.23 | |
| MAexp20: | 237.70 | |
| MAexp50: | 237.12 | |
| MAexp100: | 235.60 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | +2.13% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | +0.72% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.63% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on VERISK ANALYTICS INC.. At the time of publication of this analysis, the latest news was as follows:
- Verisk Launches Solution for Insurers to Assess Underwriting Models and Variables for Unfair Discrimination
- Verisk Expands Collaboration with NFPA to Provide Risk Mitigation Insights Across Western States
- Verisk Estimates Industry Insured Losses from Winter Storm Ciarán will Range from EUR 800 Million to EUR 1.3 Billion
- Citizens Adopts Aerial Imagery Analytics from Verisk to Improve Underwriting In Florida Market
- Verisk Estimates Industry Insured Losses from Hurricane Otis to Range from MXN 50 Billion to MXN 110 Billion (~USD 3 Billion to 6 Billion)
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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