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SIGI Technical Analysis

Selective Insurance Group Inc
$
87.800
+2.350(+2.750%)

SIGI Technical Signal Analysis

SIGI have 3 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 +4.49%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of SIGI over last 5 trading day is $34,354,862.00

3 Bullish Signal

vs

4 Bearish Signal

Name

Signal

Value

Meaning

Awesome Oscillator (5, 34)

AO_5_34 > 0

Bullish

Momentum (10 days)

MOM_10 > 0

1.75

Bullish

Closing price

close > fibonacci_R1

87.8

Bullish

Name

Signal

Value

Meaning

Commodity Channel Index (20 days, 0.015 constant)

CCI_20_0.015 > 100

115.3

Bearish

Moving Average Convergence Divergence (12, 26, 9)

MACD_12_26_9 < 0

-0.18

Bearish

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

STOCHRSIk_14_14_3_3 > 80

83.08

Bearish

Williams %R (14 days)

WILLR_14 > -20

-3.77

Bearish

SIGI Support and Resistance Level

The support levels for SIGI are at 83.05, 81.68, and 79.47, while the resistance levels are at 87.47, 88.84, and 91.05. With the current stock price at 87.8, it is leaning more toward the resistance levels.

SIGI Technical Analysis

Technical Analysis of SIGI Stock

Price and Volume Analysis:

  • Current Price: $85.1 (as of 2025-03-07)
  • Volume: 343,712

Technical Indicators:

  • RSI (14): 49.44 (Neutral)
  • MACD: -0.65 (Slightly Bearish)
  • Stochastic Oscillator: %K=73.79, %D=77.44 (Potential Bearish Crossover)
  • Fibonacci Levels:
    • Pivot: 83.81
    • Resistance Levels: 87.20, 89.30
    • Support Levels: 80.42, 78.32

Moving Averages:

  • SMA 5: 85.80
  • SMA 10: 84.49
  • SMA 20: 83.34
  • SMA 60: 89.36
  • SMA 200: 91.80
  • SMA 250: 93.71

Bollinger Bands:

  • %B: 0.62
  • Distance from Lower Band: 16.94
  • Distance from Upper Band: 2.21

Recent News Impact:

  • SIG lowered its 2025 guidance, which may impact investor sentiment .
  • SIGI entered oversold territory in February but has since recovered .

Conclusion:

Based on the technical analysis, SIGI is in a neutral to slightly bearish position. The indicators suggest a cautious approach.

Recommendation: Sell SIGI at $85.1.

SIGI FAQs

Which bull technical signals does SIGI have?

Bullish technical signals of SIGI include: AO_5_34 > 0, MOM_10 > 0, close > fibonacci_R1.

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 3 buy signals and 4 sell signals now. Overall the technical rating for SIGI is Neutral.

StrongSellSellNeutralBuyStrongBuy
Neutral
Sell
4
Buy
3

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 87.8 above the SMA_5. In the short term, the stock shows a positive trend with the 85.07 above the SMA_20. In the mid term, the stock shows a negative trend with the 83.63 below the SMA_60. In the long term, the stock shows a negative trend with the 88.4 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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