CHUBB LTD. - 1H - Technical analysis published on 04/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 250.71 USD
My targets
243.30 USD (-1.88%)
227.52 USD (-8.25%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHUBB LTD. as long as the price remains well below 250.71 USD. The sellers' bearish objective is set at 243.30 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 227.52 USD. In case of crossing, the next objective would be the support located at 208.89 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7
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Additional analysis
Quotes
The CHUBB LTD. rating is 247.97 USD. The price is lower by -0.02% since the last closing and was traded between 247.07 USD and 250.57 USD over the period. The price is currently at +0.36% from its lowest and -1.04% from its highest.247.07
250.57
247.97
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHUBB LTD.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHUBB LTD. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 208.89 | 227.52 | 247.80 | 247.97 | 250.71 | 255.39 | 257.05 |
| Change (%) | -15.76% | -8.25% | -0.07% | - | +1.10% | +2.99% | +3.66% |
| Change | -39.08 | -20.45 | -0.17 | - | +2.74 | +7.42 | +9.08 |
| Level | Intermediate | Major | Major | - | Minor | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 238.53 | 242.69 | 245.36 | 249.52 | 252.19 | 256.35 | 259.02 |
| Camarilla | 246.15 | 246.78 | 247.40 | 248.03 | 248.66 | 249.28 | 249.91 |
| Woodie | 237.79 | 242.32 | 244.62 | 249.15 | 251.45 | 255.98 | 258.28 |
| Fibonacci | 242.69 | 245.30 | 246.91 | 249.52 | 252.13 | 253.74 | 256.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 243.30 | 247.66 | 250.28 | 254.64 | 257.26 | 261.62 | 264.24 |
| Camarilla | 250.98 | 251.62 | 252.26 | 252.90 | 253.54 | 254.18 | 254.82 |
| Woodie | 242.43 | 247.23 | 249.41 | 254.21 | 256.39 | 261.19 | 263.37 |
| Fibonacci | 247.66 | 250.33 | 251.97 | 254.64 | 257.31 | 258.95 | 261.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 236.57 | 241.46 | 250.30 | 255.19 | 264.03 | 268.92 | 277.76 |
| Camarilla | 255.35 | 256.61 | 257.87 | 259.13 | 260.39 | 261.65 | 262.91 |
| Woodie | 238.54 | 242.45 | 252.27 | 256.18 | 266.00 | 269.91 | 279.73 |
| Fibonacci | 241.46 | 246.71 | 249.95 | 255.19 | 260.44 | 263.68 | 268.92 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.93 | |
| MACD (12,26,9): | -1.5000 | |
| Directional Movement: | -16.46 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 248.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 247.07 | |
| Elder Ray (13): | -0.73 | |
| Super Trend (3,10): | 251.58 | |
| Zig ZAG (10): | 247.82 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 28.53 | |
| TEMA (21): | 247.80 | |
| Williams %R (14): | -84.71 | |
| Chande Momentum Oscillator (20): | -5.23 | |
| Repulse (5,40,3): | -0.6900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.35 |
| MA7: | 252.19 | |
| MA20: | 255.60 | |
| MA50: | 251.71 | |
| MA100: | 238.83 | |
| MAexp7: | 248.83 | |
| MAexp20: | 250.18 | |
| MAexp50: | 252.58 | |
| MAexp100: | 254.05 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | -2.99% | |
| Price / MA50: | -1.49% | |
| Price / MA100: | +3.83% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.88% | |
| Price / MAexp50: | -1.83% | |
| Price / MAexp100: | -2.39% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CHUBB LTD. at the time of the analysis were as follows:
- Chubb Limited to Hold its First Quarter Earnings Conference Call on Wednesday, April 24, 2024
- Chubb Launches HealthTech Industry Practice in UK
- Chubb Limited Announces Pricing of $1 Billion Senior Notes Offering by Subsidiary
- Chubb Limited Board Will Recommend 31st Consecutive Annual Dividend Increase to Shareholders at the 2024 Annual General Meeting; Declares Quarterly Dividend
- E-Commerce Grows But Trust in Digital Channels is Uneven: Chubb Survey
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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