Everest Re Group Ltd (RE): Price Now Near $276.96; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for RE

Currently, RE (Get Ratings)’s price is down $-2.13 (-0.76%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Insurance stocks, RE ranks 85th in regards to today’s price percentage change.

RE’s Technical Outlook on the Daily Chart

At the moment, RE’s price is down $0.01 (0%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows RE’s price action over the past 90 days.

RE

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