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Archive
- 4/19/2024 -
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Travelers Companies, Inc. (TRV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Travelers Companies, Inc. (TRV). During the week, the TRV dropped -7.03 points, or -3.18%, and closed at 214.07 on Friday, April 19, 2024. Weekly volume was 90% above 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. The price is now at the 11.99% retracement level.
 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 Wedge chart pattern. The uptrend support line (234.75) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See TRV weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See TRV short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 232.75 and reached 202.60 on April 17, 2024. TRV lost 30.15 points, or 12.95%, in 13 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 205.44 and resistance is at 220.08. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See TRV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 8, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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