Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>The CB stock revenue and net income increased in comparison with the last quarter.</a></li>
 <li><span>2</span> <a>Chubb Limited (NYSE: CB) stock’s Earnings are very near and that might become a deciding factor for CB price next direction.</a></li>
</ul>
<p>Chubb Limited (NYSE: CB) paid dividends to its shareholders, with a dividend yield of 1.57% for the trailing twelve months (TTM). Chubb last dividend payment was $0.86 per share, and the payout ratio was 24.06%. The payout ratio showed that the company distributed 24.06% of its earnings to its shareholders, and retained the rest for reinvestment.&nbsp;</p>
<p>The dividends were also consistent and reliable as they were supported by the Chubb stock’s earnings and cash flows. The company also increased its dividend amount from $2.90 to $3.29 in the past five years which showed its confidence in its future growth.&nbsp;</p>
<p>Moreover, the company also announced its projections for the next quarter which is around the corner. This might become a deciding factor for CB price next direction on the chart, expecting a revenue of $13.045 Billion and an EPS of $4.456. The next earnings report will be released on October 24th, 2023.</p>
<h2 class="wp-block-heading" id="strong-will-earnings-decide-its-next-move-strong"><strong>Will Earnings Decide Its Next Move?</strong></h2>
<p>Currently, CB stock is trading above the 20-day and near the 50-day exponential moving averages, which are barely supporting the price momentum at the moment and expecting a thrust in the market soon. Therefore, the upcoming earnings report might turn out to be the deciding factor in the price direction.</p>
<p>Nevertheless, as per the current sentiments on the chart, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. This pattern might help the price to swallow the rejecting hurdles and receive a thrust in price. Hence, the CB price is expected to move upward giving a bullish outlook over the daily time frame chart.</p>
<p>The current value of RSI is 51.08 points. The 14 SMA is at the median line at 54.39 points. This indicates that the CB stock is neither bullish nor bearish at the moment and can be considered neutral.</p>
<p>The MACD line at 1.53 and the signal line at 1.42 are above the zero line. A bullish crossover is observed in the MACD indicator which signals upcoming strength in the momentum of the stock price.</p>
<p>Furthermore, the <a href="https://www.thecoinrepublic.com/2023/10/14/rtx-stock-price-forecast-will-rtx-stock-break-50-day-ema-level/" rel="noopener noreferrer nofollow">stock</a> has a positive and highly recommended rating based on 25 analysts who have analyzed the stock in the last three months. The 1-year price projection for the stock by 21 analysts lies between $194.00 to $270.00</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh6.googleusercontent.com/Eb2SloanyKi6S6ukLscjf3GyCkB0lYl-nXQfOrkCRIUzre89-QFrgeGzMn-_KmGgaHTBUv1oZpPWAJ26BOoOCcmQUmJs7mMOAamRiPcWfs3ZDW1zLTuVlME-isO6aHlde1NLxEaZxTnVwM7wyK9Mnjo" alt="CB Stock: What To Expect In (NYSE: CB), Earnings Are Coming?">
  <figcaption class="wp-element-caption">
   Source: NYSE: CB by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/vstwiRIBqtUPzW9x86hXMe1eYCralGoUoBhUsHBE7_sgMKFy_oIUm7_kHDJv08R7kQaLVn2cV7wI8JHf43DZeWbJxFDtO7JUq93kHhhKbrmdps0hFSdZqFZoBHGWw2jWKk1kbcrNG0L3HbYcZfc4Vyk" alt="CB Stock: What To Expect In (NYSE: CB), Earnings Are Coming?">
  <figcaption class="wp-element-caption">
   Source: NYSE: CB by TradingView
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Chubb Limited (NYSE: CB) is a dividend-paying stock with a considerably good dividend yield, the company has increased its dividend amount as well, when compared with the industry. Chubb also announced its projections for the <a href="https://www.thecoinrepublic.com/2023/10/14/rtx-stock-price-forecast-will-rtx-stock-break-50-day-ema-level/" rel="noopener noreferrer nofollow">next</a> quarter, with increased EPS and revenue from the current quarter.&nbsp;</p>
<p>The next earnings report is very close and will be released on October 24th, 2023, and might decide the next move of the CB stock price. It is currently trading above the 20 and near the 50-day exponential moving averages. However, the stock has a positive and highly recommended rating based on 25 analysts who have analyzed the stock in the last three months.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $204 and $198</p>
<p><strong>Resistance Levels</strong>: $217 and $222&nbsp;</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

CB Stock: What To Expect In (NYSE: CB), Earnings Are Coming?

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 20, 2023

Coinbase’s Grewal expresses optimism about approval of Bitcoin ETFs

Bitdeer to buy back shares worth up to $2m

The Future of Cryptocurrencies: Expert Opinions and Promising Altcoins

Hong Kong SFC Revises Crypto Regulations Citing Industry Demands

Hamas Andalkan Crypto Dinilai Berlebihan

district0x (DNT) Price Prediction 2024, 2025, 2030, 2040, and 2050

Join our free newsletter for daily crypto updates!