The Hartford Financial Services Group, Inc., usually known as The Hartford, is a United States-based investment and insurance company. The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut.
It was ranked 160th in Fortune 500 in the year of 2020. The company's earnings are divided between property-and-casualty...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 70/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
The PEAD projected a bullish outlook for $HIG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
The PEAD projected a Bullish outlook for $HIG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
Inverted head and shoulders pattern on this 9H timeframe This is all within a larger uptrend, the right shoulder could also be considered a test of the bottom of the larger up channel
The PEAD projected a Neutral outlook for $HIG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
HIG gearing up to new highs.
Potentially a good long term hold. Financial services do well in periods of high interest rates. Insurance companies invest premiums into fixed income securities to drive income, which is very important for their profitability. Expect the improvement in the interest rates to increase the yields. Premiums and fees income is likely to...
Weekly:
After an upwick tail, we now have a bearish divergence on MACD lines, MACD-Histogram as wel as EFI. There is even a ATR channel divergence. Stochastic RSI coming from an oversold condition and now bearish, moving in the reference area.
Daily;
A list of bearish divergences, supporting the idea on the higher TF. Currently, daily candle went up and closes...
* Great earnings
* Strong up trend since 2009
* Broke out of a long consolidation period with slightly higher volume than average
Trade Idea:
* If you don't mind a little volatility you can enter now as indicated
* Given the volume and price action, this may visit the 70.80 area before heading up further.
Run up to T1 looking probable now that HIG has broken out of minor pullback and sustained new support.
Closing over pivot will give us high probability to reach T1 and give us a free trade to ride to potential T2.
Bullish Flag (31%)
Pros:
Volume during post formation
Descending volume during Flag
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 9
ATR ascending
250RSI above 50 and ascending
200MA ascending
Target:
PT = 90.93$
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Hey traders, HARTFORD FINANCIAL SERVICES GRP is in a bullish dynamic fake with hammer candle and sell volume traded. In the TIMEFRAME M1 we see a hammer candle upside down with a purchase volume executed, it is heading towards its last previous low point. Who is below the low of the bollinger make a bearish swallow and start again in its rise. With the sound test...
