The Travelers: first signs of a significant move to come

The Travelers daily chart shows an increase in volumes compared to the previous day. This could be a sign of a significant move to come.

The Travelers stock Wednesday, October 19 closing price was at 116.23 (+0.91%). New bullish technical picture drawn on daily chart (high2 < high1, high1 < high, low2 < low1, low1 < low, close > close1, close1 > close2) which means first signs of a significant move to come. We suggest to watch today closing. For intraday trading session the technical view is positive and leaves assume the up-trend continuation. The major oscillators confirm the upward trend.
the travelers significant move to come

View the interactive chart on ProRealTime.com

Simple Moving Average (SMA)
The Travelers quotes are above the 14 days moving average (SMA value is 114.47). The short term view is bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
Volumes
Daily chart shows an increase in volumes compared to the previous day. This could be a sign of a significant move to come.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 19/10/2016.

Performance: 7 trading days= +2.68% – 15 trading days= +2.22% – 30 trading days= -1.86%

Resistance levels: R1= 117.05 – R2= 117.88 – R3= 119.67
Pivot Point: 116.09
Support levels: S1= 115.26 – S2= 114.30 – S3= 112.51


Buying opportunity above 116.50, targets minor resistance at 117.97 and perhaps as far as strong resistance at 118.97, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 121.56.

Selling opportunity below 115.70, targets minor support at 114.22 and perhaps as far as strong support at 113.22, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 110.64.