CB Price Prediction Next Week
Based on the recent data and news, here's the analysis for Chubb (CB) stock price prediction for next week:
Technical Analysis
The technical indicators show:
- RSI at 42.72 indicates the stock is approaching oversold territory but not yet extreme
- MACD at -2.75 suggests bearish momentum
- Stock trading below both 20-day (269.90) and 200-day (271.27) moving averages, indicating bearish trend
News Impact
- Major wildfires in Los Angeles area expected to cause $250-275 billion in damages
- Insurance companies including Chubb will face "material impact" on Q1 2025 earnings due to wildfire claims
- Historical data shows insurance stocks tend to recover within 3 months after major natural disasters
Price Targets Using Fibonacci levels:
- Resistance levels: R1: $273.57, R2: $279.04, R3: $287.89
- Support levels: S1: $255.87, S2: $250.40, S3: $241.55
- Pivot point: $264.72
Price Prediction for Next Week Given the technical weakness and near-term headwinds from wildfire claims, CB is likely to test lower support levels:
- Most likely scenario (60% probability): Stock tests S1 level around $255-256
- Bullish case (20%): Bounces from current levels to R1 at $273-274
- Bearish case (20%): Breaks S1 and moves toward S2 at $250
Trading Recommendation: SELL
- Entry: Current price ~$265-266
- Target: $255
- Stop loss: $273 (R1 level)
The combination of technical weakness and fundamental headwinds from wildfire claims suggests more downside risk in the near term, despite the stock's historical resilience after natural disasters.
CB Similar Chart Price Prediction
The price of CB is predicted to go up 4.22%, based on the high correlation periods with K. The similarity of these two price pattern on the periods is 95.36%.
CB
K
Up: 4.22%Similarity: 95.36%
CB Revenue Forecast
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CB VS S&P500
Chubb is one of the few companies with global footprint large enough to service multinational corporations. Its network has created a barrier to entry for potential competitors.
Chubb is a large insurer with leading positions in the most moaty areas of the P&C insurance industry.
Chubb's international operations benefit from significant growth opportunities.
CB Analyst's Forecast
Elyse Greenspan
Wells Fargo
Hold
Price Target
$268 → $264
Upside
-0.55%
Wells Fargo lowered the firm's price target on Chubb to $264 from $268 and keeps an Equal Weight rating on the shares. Discussing the insurance industry, Wells notes that for non-life insurance, the focus remains on cats, pricing, loss trend, reserves and margins. Domestically Q4 cats are above normal due to Milton, with international losses from Spanish floods. For Life insurance, the focus is on sales growth, rate commentary, Group results, and guides. Sales growth should continue to get attention, while group results are trending well, and life companies continue to return capital. Meanwhile, Brokers should continue to see good organic growth, the firm adds.
Alex Scott
Barclays
Buy
Price Target
$349 → $324
Upside
+21.14%
Jimmy Bhullar
JP Morgan
Hold
Price Target
$294 → $296
Upside
+8.93%