When (SIGI) Moves Investors should Listen
June 19, 2024, 08:06 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SIGI
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short SIGI slightly under 94.4, target n/a, stop loss @ 94.67 Details
The technical summary data is suggesting a short of SIGI as it gets near 94.4, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 94.67. 94.4 is the first level of resistance above 91.91, and by rule, any test of resistance is a short signal. In this case, if resistance 94.4 is being tested, so a short signal would exist.
Swing Trading Plans for SIGI
- Buy SIGI slightly over 94.4, target 100.11, Stop Loss @ 94.13 Details
If 94.4 begins to break higher, the technical summary data tells us to buy SIGI just slightly over 94.4, with an upside target of 100.11. The data also tells us to set a stop loss @ 94.13 in case the stock turns against the trade. 94.4 is the first level of resistance above 91.91, and by rule, any break above resistance is a buy signal. In this case, 94.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SIGI slightly near 94.4, target 91.77, Stop Loss @ 94.67. Details
The technical summary data is suggesting a short of SIGI if it tests 94.4 with a downside target of 91.77. We should have a stop loss in place at 94.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 94.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for SIGI
- Buy SIGI slightly over 92.25, target 94.4, Stop Loss @ 92.03 Details
If 92.25 begins to break higher, the technical summary data tells us to buy SIGI just slightly over 92.25, with an upside target of 94.4. The data also tells us to set a stop loss @ 92.03 in case the stock turns against the trade. 92.25 is the first level of resistance above 91.91, and by rule, any break above resistance is a buy signal. In this case, 92.25, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SIGI slightly near 92.25, target 91.77, Stop Loss @ 92.47. Details
The technical summary data is suggesting a short of SIGI if it tests 92.25 with a downside target of 91.77. We should have a stop loss in place at 92.47 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 92.25, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Selective Insurance Group Inc. (SIGI) available here: SIGI.
SIGI Ratings for June 19:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Weak |
Neutral |
P1 |
0 |
0 |
94.4 |
P2 |
90.11 |
89.55 |
100.11 |
P3 |
92.25 |
91.77 |
106.03 |
AI Generated Signals for SIGI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Selective Insurance Group Inc. (NASDAQ: SIGI) report below is a real world example. Included are trading plans for SIGI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SIGI: