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$2.42 (-0.0455%)

Volume: 6k

Closed: Nov 26, 2021

Hollow Logo Score: -2.016

Conifer Holdings Stock Forecast

$2.42 (-0.0455%)

Volume: 6k

Closed: Nov 26, 2021

Score Hollow Logo -2.016
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Key Stats
Beta 0.49
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 33 and the stock is currently not being overbought or oversold

Conifer Holdings stock price down 0.0455% on Friday
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-23 Loss -5.51%

The Conifer Holdings stock price fell by -0.0455% on the last day (Friday, 26th Nov 2021) from $2.42 to $2.42. and has now fallen 3 days in a row. During the day the stock fluctuated 5.06% from a day low at $2.37 to a day high of $2.49. The price has fallen in 6 of the last 10 days and is down by -5.14% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -41 thousand shares and in total, 6 thousand shares were bought and sold for approximately $13.72 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.30 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.57% during the next 3 months and, with a 90% probability hold a price between $1.74 and $2.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 19, 2021, and so far it has risen 2.06%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Conifer Holdings stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.48 and $2.64. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Conifer Holdings finds support from accumulated volume at $2.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.12 between high and low, or 5.06%. For the last week the stock has had a daily average volatility of 10.69%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Conifer Holdings stock A Buy?

Conifer Holdings holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.016

Predicted Opening Price for Conifer Holdings of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$2.43 $2.42 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 10.69 %
Overall Risk: Very High High Medium Low Very Low
Volatility
10.69 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.56
Price: $2.42
Support: $2.37

CNFR Insider Trading Show all Trades

INSIDER POWER

19.224

Last 100 transactions
Buy: 3 008 666 | Sell: 156 502 (Shares)
Date Action Amount Person Type
Sep 29, 2021 Buy 38 868 Sarafa Joseph D Common Stock
Sep 28, 2021 Buy 5 602 Sarafa Joseph D Common Stock
Sep 27, 2021 Buy 5 530 Sarafa Joseph D Common Stock
Sep 15, 2021 Sell 137 Meloche Harold J Common Stock
May 03, 2021 Sell 678 Meloche Harold J Common Stock
Show all Insider Trades
INSIDER POWER

19.224

Last 100 transactions
Buy: 3 008 666 | Sell: 156 502 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.55 5.27 %
2.50 3.37 %
2.47 2.20 %
Current price: 2.42
Support 2.38 -1.59 %
2.35 -2.76 %
2.31 -4.66 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.88 19.06 %
2.70 11.62 %
2.56 5.83 %
Current price 2.42
Support 2.37 -2.02%
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About Conifer Holdings

Conifer Holdings Conifer Holdings, Inc., an insurance holding company, offers insurance coverage in specialty commercial and specialty personal product lines. It underwrites property, general liability, commercial multi-peril, and liquor liability policies. The company serves the commercial insurance needs of owner-operated businesses in the markets, including hospitality, such as restaurants, bars, taverns, and bowling centers, as well as small grocery and conve... Read more

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