The Travelers Companies Inc. Stock Code TRV.NYS
Price broke below the cloud in the previous trading session which changed the chart outlook from bullish to bearish. The long black candlestick is hinting of a strong bearish price trend. Conversion line and Base line had a bearish crossover and is hinting of a bearish price trend ahead. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD had a bearish divergence, warning of a possible price high. MACD is bullish but is moving lower after a bearish crossover. We think price is likely to be heading towards the price support at $141.18 in the next 2-3 week.
$152.55 Short Sell
$145.20 Price Target
$156.20 Risk Management Stop
3 weeks Trade Duration