Logo image of TIG

TREAN INSURANCE GROUP INC (TIG) Stock Technical Analysis

NASDAQ:TIG - Nasdaq - US89457R1014 - Common Stock - Currency: USD

6.16  +0.01 (+0.16%)

After market: 6.16 0 (0%)

Technical Rating and Analysis

8

Taking everything into account, TIG scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, TIG has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
TIG is one of the better performing stocks in the Insurance industry, it outperforms 93% of 144 stocks in the same industry.
TIG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TIG is lagging the market slightly.
Looking at the yearly performance, TIG did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month TIG has a been trading in a tight range between 6.11 and 6.17.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
TREAN INSURANCE GROUP INC / TIG Weekly stock chart
TREAN INSURANCE GROUP INC / TIG Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, TIG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.14, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

5.90

6.23

We found 1 important support area.

  • A support zone ranging from 5.96 to 6.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 6.17 to 6.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.07
Mansfield1.44
10 Day High6.17
10 Day Low6.12
20 Day High6.17
20 Day Low6.11
52 Week High7.34
52 Week Low2.12
Performance
1 Week0.33%
2 Weeks0.65%
1 Month1.48%
3 Month1.65%
6 Month84.99%
12 Month31.06%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)66.41
LBB6.1
UBB6.17
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
6.186.110.07 (1.13%)25.00%
An entry @6.18. This is a Buy Stop order right above the resistance zone.An exit @6.11. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.07 points, which is 1.13%.For a 0.28% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TREAN INSURANCE GROUP INC / TIG Daily stock chart

TREAN INSURANCE GROUP INC

NASDAQ:TIG (4/20/2023, 8:13:47 PM)

After market: 6.16 0 (0%)

6.16

+0.01 (+0.16%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.16%
1 Week0.33%
2 Weeks0.65%
1 Month1.48%
3 Month1.65%
6 Month84.99%
12 Month31.06%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.28%
ATR Inc-12.5%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.07
Mansfield1.44
10 Day High6.17
10 Day Low6.12
20 Day High6.17
20 Day Low6.11
52 Week High7.34
52 Week Low2.12
CS1 End6.14
CR1 Start6.17
Volume & EV
DER(3)1.53%
DER(5)2.16%
Volume6.24M
Volume Incr614.31%
Vol(5)1.99M
Vol(50)376.76K