$CB, $PGR, $ALL, $MKL, $RNR, and others have grown by more than 1% over the week on a significantly declining market.
The previous and current week proved to be challenging for most stocks, with significant downward movements observed. However, there were some stocks that performed notably better than the market, even experiencing slight growth during this period. Notably, these include stocks from the Property and Casualty Insurance industry. Signals for stocks of this type can be examined in our robot: Swing Trader for Beginners - Search for Trend Reversals (TA/FA).
Property and Casualty Insurance Industry Overview: The Property and Casualty Insurance industry provides coverage against non-physical harm accidents, including legal liabilities, damage to personal belongings, automobile accidents, and more. Leading companies in this sector include Progressive Corporation, Travelers Companies, Inc., and Allstate Corporation. These companies offer insurance products that protect individuals and businesses from financial losses resulting from various unforeseen events.
Market Capitalization Insights: The average market capitalization for companies within the Property/Casualty Insurance Industry is approximately $12.5 billion. The market cap for companies in this sector varies widely, ranging from as low as $93.9 thousand to as high as $83 billion. Among the notable companies, CB (Chubb) holds the highest valuation at $83 billion, while UNAM is the lowest valued company at $93.9 thousand.
Price Movement Analysis: Across all stocks in the Property/Casualty Insurance Industry, the average weekly price growth stands at -0.87%. For the same industry, the average monthly price growth is 0.03%, and the average quarterly price growth is 3.47%. Notable price movements include CNFR experiencing the highest price growth at 20.58%, while HALL saw the largest decline at -29.6%.
Notable Price News: On 8/3/23 at 2:01 PM, Allstate Corp (ALL) observed a significant decline of -5.71% for the week. On 7/22/23 at 1:50 PM, Chubb (CB) showed a strong weekly gain of +6.1%. On 7/22/23 at 1:50 PM, Allstate Corp (ALL) also experienced a notable weekly gain of +9.53%.
Volume Trends: Across all stocks in the Property/Casualty Insurance Industry, the average weekly volume growth is -57.45%. The average monthly volume growth is -63.17%, and the average quarterly volume growth is -65.47%. Noteworthy volume events include Kinsale Capital Group witnessing a record-breaking daily volume increase of 1,135% of the 65-Day Volume Moving Average on 6/24/23 at 6:57 AM. Additionally, RenaissanceRe Holdings observed a consecutive five-day increase in volume, with an average daily gain of 313% on 6/1/23 at 7:57 AM.
Fundamental Analysis Ratings: The average fundamental analysis ratings, ranging from 1 (best) to 100 (worst), for companies in the industry are as follows:
- Valuation Rating: 47
- P/E Growth Rating: 56
- Price Growth Rating: 50
- SMR Rating (Stock Market Rating): 90
- Profit Risk Rating: 72
- Seasonality Score: -7 (Scale: -100 to +100)
These ratings provide insights into various aspects of the companies' financial performance, risk assessment, and market perception.
Note: The provided information is based on the data available up to the cutoff date in September 2021 and may not reflect the most recent developments or changes in the industry.
CB's Stochastic Oscillator indicates an oversold condition that has persisted for 6 days. This suggests a potential upcoming uptrend, as prolonged periods in the oversold zone can precede a rebound in the stock price.
Stock Forecast and Price Analysis for CB: The current price of CB is $202.01, having crossed the support line at $205.88. The stock is trading within the range of $205.88 support and $165.16 support lines. Over the period from 07/17/23 to 08/16/23, the price exhibited a positive uptrend of +5%. In the week of 08/09/23 to 08/16/23, the stock saw a modest uptrend growth of +0.50%.
PGR's Upward Trend Analysis: PGR (Progressive Corporation) recently moved above its 50-day Moving Average on August 16, 2023, indicating a shift from a downward to an upward trend. Historical data shows that in 50 out of 71 similar instances, the stock price further increased within the following month. This suggests a 70% likelihood of a continued upward trend.
Stock Forecast and Trend Analysis for ALL: The current price of ALL is $136.13, surpassing the resistance line at $135.81. The stock is trading between $141.38 resistance and $135.81 resistance lines. From 07/17/23 to 08/16/23, the price showed a strong uptrend of +12%. In the week of 08/09/23 to 08/16/23, the stock experienced an uptrend growth of +8%. However, the 10-day Moving Average crossed below the 50-day moving average on August 15, 2023, signaling a potential downward trend. Historical data suggests that in 10 of 17 past instances with this crossover, the stock continued to move higher over the following month, implying a 59% chance of a continued downward trend.
Stock Forecast and Price Analysis for Another Ticker: The current price of another stock (ticker not specified) is $109.75, below the lowest support line found by AI at $115.87. From 07/17/23 to 08/16/23, the price experienced an uptrend of +7%. During the week of 08/09/23 to 08/16/23, the stock saw a minor uptrend growth of +0.14%.
Aroon Indicator for MKL: MKL's Aroon Indicator provided a bullish signal on August 16, 2023. AroonUp (green line) crossed above 70, while AroonDown (red line) remained below 30. This pattern suggests a potential bullish move. Historical data from similar instances indicates that in 128 of 232 cases, the stock moved higher in the days following this signal, implying a 55% chance of a move higher.
Stock Forecast and Trend Analysis for Another Ticker: The current price of another stock (ticker not specified) is $1505.88, having crossed the resistance line at $1489.53. The stock is trading between $1575.54 support and $1489.53 resistance lines. From 07/17/23 to 08/16/23, the price showed an uptrend of +8%. In the week of 08/09/23 to 08/16/23, the stock experienced a minor uptrend growth of +0.26%.
RNR's Moving Averages Analysis: On August 01, 2023, the 50-day Moving Average for RNR moved below the 200-day moving average, indicating a potential long-term bearish signal and shift to a downward trend.
Stock Forecast and Price Analysis for Another Ticker: The current price of another stock (ticker not specified) is $183.65, crossing the resistance line at $188.45. The stock is trading between $188.45 resistance and $173.07 support lines. From 07/17/23 to 08/16/23, the price experienced a downtrend of -7%. In the week of 08/09/23 to 08/16/23, the stock fell by -3%.
Momentum Indicator for CB turns positive, indicating new upward trend
CB saw its Momentum Indicator move above the 0 level on October 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned positive. In of the 94 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for CB just turned positive on October 17, 2024. Looking at past instances where CB's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
CB moved above its 50-day moving average on October 09, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CB advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 245 cases where CB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CB moved out of overbought territory on October 21, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CB broke above its upper Bollinger Band on October 17, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 56, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. CB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.755) is normal, around the industry mean (2.168). P/E Ratio (11.807) is within average values for comparable stocks, (31.462). Projected Growth (PEG Ratio) (0.744) is also within normal values, averaging (1.023). Dividend Yield (0.013) settles around the average of (0.031) among similar stocks. P/S Ratio (2.140) is also within normal values, averaging (1.421).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a holding company for a family of property and casualty insurance companies
Industry PropertyCasualtyInsurance