Chubb stock: buy or sell
Jul 29th, 2021
Chubb stock brief
- Chubb stock fell -1.95% to close at $166.02 on the stock market on Wednesday.
- On Tuesday, Chubb released its Q2 financial report
- Last March price started slicing and printed 2 consecutive lower tops. this downtrend marked a -6.81% loss.
- Chubb Limited provides insurance and reinsurance products worldwide.
Should I buy Chubb stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CB stock a buy?
In the current situation of Chubb there is not any eligible buy setup. This doesn't mean $CB will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Chubb stock?
How to know when is it time to sell Chubb stock?. Trading strategies give us the ability us to avoid rash decisions based on our feelings or the noise surrounding the market. We like very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies are not intended for selling short $CB stock
As a golden rule, you must never mantain an open trade that shows a losses greater than those expected at the time of purchase. When to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Chubb stock?
In the current situation of Chubb there is not any eligible sell setup, so Chubb stock holders with operations in green can keep their positions
In the previous month we couldn't find any rating for Chubb
Chubb stock analysis
Chubb accumulates a price drop of -6.81% since its latest top last March at $178.16. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 3 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price surpassed the upper band on July 21, the price dropped by 3.16%. The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks
Relative strength index
When the moves for so long below 70 and above 30, without indicating moments of overbought and oversold, the indicator turns out to be of little use, and we find ourselves in such a case.
Chubb stock price history
Chubb went public priced at an adjusted price1 of $5.49 on Mar 1993. Since then, CB stock surged by 2,924.04%, with an average of 104.43% per year. An investment of $1,000USD at that time would have a value of $30,240.44 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Chubb stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price predictions posted by analysts in the last 30 days. If you are a small investor you should not trade based on these predictions.
In the previous 30 days we couldn't find any price target published for Chubb stock.
Earnings and financials
On Tuesday, Chubb ($CB) had the quarterly financial call and posted the report. Chubb reported earnings of $3.62 per share versus Wall St estimate that was $3.01.By comparison, the EPS for the same quarter last year was $-0.56, so reported EPS means a gain of 746.43%. Looking at revenues, figures exploded a 30.55% compared to $76.4B same quarter last year.
Chubb ($CB) releases Q3 earnings report next October. Market estimates of $2.99, compared to previous quarter that was $3.62.
Important note:The opinions expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the individual circumstances of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for general educational motives only
|Wednesday, July 28th, 2021|
|Day range||$164.14 - $173.25|
|Average true range||$4.34|
|50d mov avg||$164.72|
|100d mov avg||$164.85|
|200d mov avg||$156.47|
|Earnings date||October 25th, 2021|