The Hourly View for HIG
At the time of this writing, HIG (Get Ratings)’s price is up $0.1 (0.14%) from the hour prior. HIG has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
HIG’s Technical Outlook on the Daily Chart
Currently, HIG’s price is up $0.85 (1.24%) from the day prior. The daily chart shows that HIG has seen 2 straight up days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. Of note is that the 20 day changed directions on HIG; it is now pointing up. 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 HIG’s price action over the past 90 days.
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