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Advanced TA SearchArchive
- 4/26/2024 -
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Chubb Corp (CB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Chubb Corp (CB). During the week, the CB dropped -4.76 points, or -1.90%, and closed at 245.45 on Friday, April 26, 2024. Weekly volume was 20% above average.
CB 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 CB long-term trend chart]
A long-term uptrend had started on October 8, 2008 at 33.47 and reached 260.58 on March 13, 2024. CB gained -227.11 points, or -678.55%, in 805 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 193.13 and resistance is at 267.16. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See CB medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 183.40 and reached 260.58 on March 13, 2024. CB gained -77.18 points, or -42.08%, in 50 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 184.69 and resistance is at 268.11. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. Use the following link to access a MACD help.
 Short-term trend: [See CB short-term trend chart]
A short-term downtrend had started on April 22, 2024 at 253.57 and reached 238.85 on April 24, 2024. CB lost 14.72 points, or 5.81%, in 2 days. The price is now at the 44.84% retracement level.
Daily Technical Indicators: [See CB daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index and MACD have bullish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bullish 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 link to access Relative Strength Index help.
The daily MACD line is below its signal line since April 23, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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