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CB Stock Tickeron detected bullish Stock Pattern: Head-and-Shoulders Bottom CB on July 24, 2024, netting in a 8.50% gain over 1 month

A.I.dvisor
at Tickeron.com
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+8.50% Gain from a Successful pattern Head-and-Shoulders Bottom
CB - Chubb Limited
Tickeron
Ticker: CB
Company: Chubb
Gain: +8.5%
Confirmed: 07/24/24
Succeeded: 08/29/24
Total length: 41 days
On July 19, 2024, A.I.dvisor detected a Head-and-Shoulders Bottom Pattern (Bullish) for Chubb Limited (CB, $259.88). On July 24, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $281.59. 36 days later, on August 29, 2024, CB reached the target price resulting in a for traders who took a long position in the stock.

CB's RSI Oscillator climbs out of oversold territory

The RSI Oscillator for CB moved out of oversold territory on November 05, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 18 similar instances when the indicator left oversold territory. In of the 18 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 14, 2024. You may want to consider a long position or call options on CB as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CB just turned positive on November 14, 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CB advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where CB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

CB moved below its 50-day moving average on November 19, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CB crossed bearishly below the 50-day moving average on November 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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.

Fundamental Analysis (Ratings)

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 52, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CB’s price grows at a lower 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 slightly 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 (2.121). 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 (1.436).

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.

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General Information

a holding company for a family of property and casualty insurance companies

Industry PropertyCasualtyInsurance

Profile
Fundamentals
Details
Industry
Property Or Casualty Insurance
Address
Baerengasse 32
Phone
+41 434567600
Employees
40000
Web
https://www.chubb.com