Tag: The Travelers Companies Inc.

Travelers Co Inc. Stock Code TRV.NYS

Outlook

Price was unable to move above the cloud during a price rally and in the previous trading session, price closed below the cloud, changing the chart outlook to bearish. Lagging Span is below price of 26 days ago but is inside the cloud at the moment.  MACD is bearish and hinting at a bearish price trend. If price stays below the cloud, it could be heading towards the previous low at $166.19.

Strategy                  

$174.20              Sell

$166.20              Price Target

$179.10              Risk Management Stop

3 weeks              Trade Duration

The Travelers Companies Inc. Stock Code TRV.NYS

Outlook

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.

Strategy                  

$152.55              Short Sell

$145.20              Price Target

$156.20              Risk Management Stop

3 weeks              Trade Duration