Technical Analysis

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SIGI Technical Signal Analysis

SIGI have 6 buy signals and 4 sell signals now. The current trend is consolidation starting from 2025-03-12. The total price change during this trend is +6.12%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of SIGI over last 5 trading day is $36,695,536.77

6 Bullish Signal

vs

4 Bearish Signal

Name

Signal

Value

Meaning

Awesome Oscillator (5, 34)

AO_5_34 > 0

0.61

Bullish

Momentum (10 days)

MOM_10 > 0

1.98

Bullish

Moving Average Convergence Divergence (12, 26, 9)

MACD_12_26_9 > 0

0.16

Bullish

Closing price

close > fibonacci_R1

89.17

Bullish

Moving Average

Price crosses above 60-day SMA

--

Bullish

Moving Average

5-day SMA crosses above 10-day SMA

--

Bullish

Name

Signal

Value

Meaning

Stochastic Oscillator %K (14, 3, 3)

STOCHk_14_3_3 > 80

87.51

Bearish

Commodity Channel Index (20 days, 0.015 constant)

CCI_20_0.015 > 100

131.79

Bearish

Stochastic RSI %K (14, 14, 3, 3)

STOCHRSIk_14_14_3_3 > 80

93.31

Bearish

Williams %R (14 days)

WILLR_14 > -20

-6.01

Bearish

SIGI Support and Resistance Level

The support levels for SIGI are at 83.03, 81.29, and 78.46, while the resistance levels are at 88.69, 90.44, and 93.27. With the current stock price at 89.17, it is leaning more toward the resistance levels.

SIGI Technical Analysis

Technical Analysis of SIGI Stock

Key Technical Indicators:

  • RSI (14-period): 57.63
  • Stochastic Oscillator (%K/%D): 76.29 / 66.58
  • MACD: -0.18 (MACD Line), 0.59 (Signal Line), -0.78 (Histogram)
  • SMA (20-period): 88.40
  • SMA (50-period): 91.52
  • SMA (200-period): 93.34
  • Bollinger Bands:
    • Upper Band: 91.26
    • Middle Band: 83.63
    • Lower Band: 76.01
  • Fibonacci Levels:
    • Pivot: 85.26
    • Resistance 1: 87.47
    • Support 1: 83.05

Analysis:

  1. RSI: The RSI is at 57.63, indicating the stock is not overbought but has room for upward movement.
  2. Stochastic Oscillator: %K (76.29) is above %D (66.58), suggesting a bullish signal.
  3. MACD: The MACD line is below the signal line, indicating bearish momentum, though the histogram is improving.
  4. Moving Averages: The stock is below the 20, 50, and 200-period SMAs, signaling a bearish trend.
  5. Bollinger Bands: The stock is near the lower band, suggesting potential oversold conditions.
  6. Fibonacci Levels: The stock is approaching the first resistance level (87.47), which may act as a ceiling.

Price Action:

The stock closed at 87.8, near the Fibonacci pivot (85.26). Recent price action shows upward movement, but it faces resistance at higher Fibonacci levels.

Conclusion:

While there are bullish signals from the RSI and Stochastic Oscillator, the overall trend remains bearish due to the MACD and moving averages. The stock is approaching a resistance zone, making it a risky buy at current levels.

Recommendation: Sell or avoid buying until the stock breaks above resistance levels with strong volume.

SIGI FAQs

Which bull technical signals does SIGI have?

Bullish technical signals of SIGI include: AO_5_34 > 0, MOM_10 > 0, MACD_12_26_9 > 0, close > fibonacci_R1, Price crosses above 60-day SMA, 5-day SMA crosses above 10-day SMA.

Which bearish technical signals does SIGI have?

How reliable is technical analysis?

How can I use moving averages to set entry and exit points for SIGI stock?

Is SIGI a buy based on overall technical signals summary?

SIGI Buy or Sell

SIGI has 6 buy signals and 4 sell signals now. Overall the technical rating for SIGI is Buy.

StrongSellSellNeutralBuyStrongBuy
Buy
Sell
4
Buy
6
Ask Intellectia about SIGI

SIGI Moving Average

This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 89.17 above the SMA_5. In the short term, the stock shows a positive trend with the 86.03 above the SMA_20. In the mid term, the stock shows a negative trend with the 83.99 below the SMA_60. In the long term, the stock shows a negative trend with the 88.26 below the SMA_200.

Swing

Positive

Stock Price Above SMA_5

Short Term

Positive

SMA_5 Above SMA_20

Mid Term

Negative

SMA_20 Below SMA_60

Long Term

Negative

SMA_60 Below SMA_200

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