Analysis Summary for Hartford Financial Services Group Inc (HIG)
Date of Analysis: April 18th, 2024
Time Target: A 4.5-year up composite cycles arrives on May 28th, 2024.
Price Target: $116 (+/- $4)
Projected Move: The time cycle decomposition of HIG shows that there is going to be a top to bottom fast move approximately from end of May to mid of September of 2024.
Even though the recent high is within the variance of the up composite cycle, it makes neither long-term nor mid-term mathematical sense. Mathematically precise top will be located at $116 +/- $4. After putting in a top, HIG will sell off approximately 50% to reach a bottom at $60 +/- $3.
As soon as the top is confirmed by our software, an updated and more accurate bottom targets will occur.
In summary, we expect HIG to move to the downside between end of May to mid of September of 2024. The anticipated move is expected to be approximately from $116 to $60 (+/- associated variance).
