The Travelers stock: buy or sell
Jul 29th, 2021
The Travelers stock brief
- The Travelers closed on Wednesday at $146.82 after falling a -1.71% breaking a streak of 3 sessions in green.
- From the chart point view, price is drawing an scaled downtrend since last May with lower tops and lower bottoms. shares price lost a -9.26% since the downtrend started.
- The Travelers released its earnings report on July 22
Should I buy The Travelers stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 $TRV stock a buy?
Currently, The Travelers stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $TRV in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell The Travelers stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making rash decisions based on our personal sentiments or the buzz surrounding the market. Our trading system selects very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups should not be used for selling short The Travelers stock
As a golden rule, you must never keep an open trade that leads to losses greater than those expected at the time of purchase. The timing to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell The Travelers stock?
Currently, The Travelers stock doesn't match any of our preferred sell setups, so if you own The Travelers stock and your operation is in profit probably is not time to sell now
The Travelers ratings
In the last 30 days we couldn't find any rating for The Travelers
The Travelers stock analysis
The Travelers accumulates a price drop of -9.26% since its latest top last May at $161.80. The stock plotted 3 consecutive lower tops.
Supports and resistances
The current resistances are:
The current supports are:
Since the price surpassed the upper band on July 16, the price has been corrected downwards by 6.45%. The price is trading very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks
Relative strength index
The RSI broke out the oversold line of 30 in mid-June after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI value on Wednesday was 39.62
The Travelers stock price history
The Travelers went public priced at an adjusted price1 of $0.00 on Nov 1975. Since then, TRV stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for The Travelers stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by financial institutions over the last 30 days. Again, these predictions are not direct recommendations for individual traders and should not be followed blindly.
In the previous 30 days we couldn't find any price target posted for The Travelers stock.
Earnings and financials
The Travelers Companies, Inc. ($TRV) released earnings of $3.45 per share on July 22, significantly beating the Market consensus estimate of $2.33 per share. This quarterly report represents an earnings surprise of 48.07%. Forecasted turnover was $7.7 billion but The Travelers enhanced by 12.53%, posting $8.7 billion.For comparison, the EPS for the same quarter last year was $-0.20, so reported EPS means a gain of 1,825.00%. Sales exploded a 17.38% on an annualized basis in the , from $74.0B to $86.9B last quarter.
The Travelers ($TRV) releases quarterly earnings report next October. Expected for this quarter is $2.45, compared to $3.45 that was reported for Q2.
The Travelers performance
|The Travelers ($TRV)||-2.30%||-4.60%||5.80%|
Important:The opinions written in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the individual scenarios of the reader, his or her own finances 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 Opinions are published for informational purposes only
The Travelers summary
|Wednesday, July 28th, 2021|
|Day range||$146.07 - $150.25|
|Average true range||$3.84|
|50d mov avg||$153.27|
|100d mov avg||$153.64|
|200d mov avg||$144.04|
|Earnings date||October 18th, 2021|