CB Price Prediction Next Week
Analysis and Insights
To predict the stock price of Chubb Limited (CB) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
Chubb Limited (CB) is currently trading at $285. The stock shows a bullish trend with a positive MACD crossover, indicating upward momentum. The RSI is at 66.68, suggesting the stock is in a neutral zone, not overbought or oversold. The stock is trading above its 50-day and 200-day moving averages, which is a positive sign.
News Sentiment and Fundamental Analysis:
Chubb Limited (CB) has received a high rating of 91% from Validea's P/E/Growth Investor model based on Peter Lynch's strategy, indicating strong interest due to its favorable valuation and solid balance sheet in the insurance industry. However, competitor Progressive Corporation (PGR) has been outperforming CB, with an 8.8% growth over the past three months compared to CB's decline of 2.3%.
Fibonacci Levels:
The Fibonacci levels for CB suggest a resistance level of $289.63 and a support level of $272.10. The stock is currently trading near the resistance level, which may act as a barrier in the short term.
Conclusion:
Based on the technical indicators and news sentiment, Chubb Limited (CB) is expected to reach a price of $289 in the next trading week. However, due to the resistance level and mixed news sentiment, it is recommended to sell at this target price as the stock may experience a minor correction afterward.
CB Similar Chart Price Prediction
The price of CB is predicted to go up -0.68%, based on the high correlation periods with TRV. The similarity of these two price pattern on the periods is 97.73%.
CB
TRV
Down: -0.68%Similarity: 97.73%
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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
Meyer Shields
Keefe, Bruyette & Woods
Buy
2025-01-31
Price Target
$328 → $329
Upside
+21.01%
Keefe Bruyette analyst Meyer Shields raised the firm's price target on Chubb to $329 from $328 and keeps an Outperform rating on the shares. The firm sees outperformance over the next 12 months, the analyst tells investors in a research note.
Elyse Greenspan
Wells Fargo
Hold
2025-01-14
Price Target
$268 → $264
Downside
-0.55%
Meyer Shields
Keefe, Bruyette & Woods
Buy
2025-01-10
Price Target
$320 → $328
Upside
+27.27%
