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(SIGI) Selective Insurance complete technical analysis [charts+indicators] | Buy/Sell Selective Insurance | (SIGI) share price targets

Complete technical analysis of Selective Insurance (SIGI) by charts plus indicators, forecast predictions and share price targets for Selective Insurance (SIGI)

Selective Insurance trades in USA in Finance sector.

Showing technical analysis as on 2024-08-29 View latest technical analysis

10 day averaged volume of Selective Insurance is 300089

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	90.73	90.73	91.34	89.69	0.999 times
28 Wed Aug 2024	90.18	88.46	90.39	88.46	1.535 times
27 Tue Aug 2024	88.59	89.05	89.08	88.11	1.183 times
26 Mon Aug 2024	89.04	90.23	90.67	88.96	0.932 times
23 Fri Aug 2024	89.80	89.49	90.69	89.04	1.319 times
22 Thu Aug 2024	89.26	89.17	89.33	88.80	0.565 times
21 Wed Aug 2024	88.94	89.61	89.79	88.60	0.732 times
20 Tue Aug 2024	88.51	89.14	89.44	88.29	1.362 times
19 Mon Aug 2024	89.03	88.64	89.77	88.64	0.159 times
16 Fri Aug 2024	88.91	88.73	89.58	88.27	1.452 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 89.6, but if it comes below 89.6, then a intra day sell could be more profitable.
If you take a sell trade below 89.6, then use 89.6 as stoploss and 87.61 as target. However if you take a buy trade in stock , then use 89.6 as stoploss and 92 as target.

Share price targets for Selective Insurance (SIGI)

Target Type	Value
Downside Target	81.00
Downside Target	83.38
Downside Target	85.08
Upside Target	91.34
Upside Target	91.83
Upside Target	92.06
Upside Target	98.05
Upside Target	99.86
Upside Target	103.16
Upside Target	103.60
Upside Target	108.92

Intraday share price targets for Selective Insurance (SIGI)

Target Type	Value
Downside Intraday Target	88.78
Downside Intraday Target	86.83
Upside Intraday Target	92.01
Upside Intraday Target	93.29
Downside Intraday Target	90.06

Weekly technical analysis of Selective Insurance (SIGI)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	90.73	90.23	91.34	88.11	1.124 times
23 Fri Aug 2024	89.80	88.64	90.69	88.29	0.843 times
16 Fri Aug 2024	88.91	85.90	89.58	85.08	0.67 times
09 Fri Aug 2024	85.66	85.32	86.25	83.38	1.084 times
02 Fri Aug 2024	87.28	91.15	91.83	86.49	0.409 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Selective Insurance (SIGI)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	90.73	90.56	91.34	83.38	0.603 times
31 Wed Jul 2024	90.32	94.43	103.16	81.00	2.177 times
28 Fri Jun 2024	93.83	98.05	98.05	89.78	0.722 times
31 Fri May 2024	97.61	101.92	103.60	92.06	1.111 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Selective Insurance (SIGI)

Price action analysis of Selective Insurance ( (SIGI) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Selective Insurance ( (SIGI) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Selective Insurance ( (SIGI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Selective Insurance ( (SIGI) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Selective Insurance stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Selective Insurance in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Selective Insurance Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Selective Insurance in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Selective Insurance is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 89.34 and Selective Insurance (SIGI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Selective Insurance (SIGI) stock. Volume based technical analysis of Selective Insurance (SIGI) stock is negative.

Selective Insurance Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.