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Archive
- 4/5/2024 -
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Travelers Companies, Inc. (TRV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Travelers Companies, Inc. (TRV). During the week, the TRV climbed 0.75 points, or 0.33%, and closed at 230.89 on Friday, April 5, 2024. Weekly volume was -26% below average.
TRV is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TRV long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 76.99 and reached 232.75 on April 4, 2024. TRV gained -155.76 points, or -202.31%, in 211 weeks. Price is near the trend high.
 Medium-term trend: [See TRV medium-term trend chart]
A medium-term uptrend had started on October 24, 2023 at 157.33 and reached 232.75 on April 4, 2024. TRV gained -75.42 points, or -47.94%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 229.69 and resistance is at 235.98. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See TRV weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 27, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See TRV short-term trend chart]
A short-term uptrend had started on March 11, 2024 at 216.98 and reached 232.75 on April 4, 2024. TRV gained -15.77 points, or -7.27%, in 24 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 229.35 and resistance is at 234.30. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 Daily Technical Indicators: [See TRV daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.
The daily MACD line is above its signal line since March 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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