Company Profile
Assicurazioni Generali S.P.A. is an insurance company based in Italy (Trieste) but operating worldwide: it’s the leader in its sector not only in Italy but also in other countries like Germany and France. It offers a broad range of insurance services like property and casualty insurance, insurance for companies and life insurance. The firm operates in the financial sector, in particular in the insurance specialty industry.
Signals
Position: Short Target Price: $17.91
Entry Price: $18.375 Stop loss: $18.66
Indicators
KELTNER CHANNEL signals a bearish momentum with the price level falling from the upper bound to the middle of the channel
The WILLIAM %R can’t go back to-20% without falling back
Analysis
If we connect the two lows of the price level we find a positively-sloped segment, while if we connect the corresponding points on the MACD line the slope of the segment is negative. This is a signal that a reversal is happening, so we expect to go from an uptrend, which is the main trend, to a downtrend . There is a trending support line obtained connecting the lows, and here is where we expect the retracement to stop so we set the target profit slightly above it. Also the William %R is pointing out a difficulty in continuing the main trend, because it was not able to cut the -20% threshold and fell down. Finally, we can observe how the price level has been hitting many times the higher band Keltner channel, while the last candlestick is significantly below the higher band, signaling the bullish momentum has ended.
Conclusion
The stock is experiencing a bearish momentum, so a short position is suggested but still taking into consideration that the main trend is an uptrend, so the profit target is set at the lower bound of the Keltner channel, close to the support trending line.
No financial advice.
Assicurazioni Generali S.P.A. is an insurance company based in Italy (Trieste) but operating worldwide: it’s the leader in its sector not only in Italy but also in other countries like Germany and France. It offers a broad range of insurance services like property and casualty insurance, insurance for companies and life insurance. The firm operates in the financial sector, in particular in the insurance specialty industry.
Signals
Position: Short Target Price: $17.91
Entry Price: $18.375 Stop loss: $18.66
Indicators
KELTNER CHANNEL signals a bearish momentum with the price level falling from the upper bound to the middle of the channel
The WILLIAM %R can’t go back to-20% without falling back
Analysis
If we connect the two lows of the price level we find a positively-sloped segment, while if we connect the corresponding points on the MACD line the slope of the segment is negative. This is a signal that a reversal is happening, so we expect to go from an uptrend, which is the main trend, to a downtrend . There is a trending support line obtained connecting the lows, and here is where we expect the retracement to stop so we set the target profit slightly above it. Also the William %R is pointing out a difficulty in continuing the main trend, because it was not able to cut the -20% threshold and fell down. Finally, we can observe how the price level has been hitting many times the higher band Keltner channel, while the last candlestick is significantly below the higher band, signaling the bullish momentum has ended.
Conclusion
The stock is experiencing a bearish momentum, so a short position is suggested but still taking into consideration that the main trend is an uptrend, so the profit target is set at the lower bound of the Keltner channel, close to the support trending line.
No financial advice.
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