Selective Insurance Group Inc

SIGI exhibits a structural uptrend with rising short‐term EMAs above key SMAs and an active Bullish Pivot Point signaling failure of downside control and a shift toward mean reversion. The medium‐term outlook remains bullish, supported by clear Stage 2 advance dynamics and price holding above the 9/20 EMA band. Short‐term pullbacks into this rising EMA support zone offer favorable entry points ahead of a potential extension above recent resistance around $97.8–$98. We recommend initiating a new long position now, using pullback interaction into the 9/20 EMA support area.

• ↑Q2 ROE 13.7% exceeded 12% target, marking eight consecutive double-digit quarters.
• ↑Investment income rose 18% YoY to $119M, boosting profitability.
• ↓Social inflation pressure led to $45M in unfavorable reserve development.