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Today DGICA ranks #6728 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$13.93 (-0.29%)

Volume: 58k

Closed: Nov 29, 2021

Hollow Logo Score: -3.319

Donegal Group Stock Forecast

$13.93 (-0.29%)

Volume: 58k

Closed: Nov 29, 2021

Score Hollow Logo -3.319
Which way will DGICA go? Request
Key Stats
P/E Ratio 12.39
Beta 0.55
Trailing Dividend Rate 4.45% ($0.62)
* 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

Red day on Monday for Donegal Group
(Updated on Nov 29, 2021)


Sell candidate since 2021-10-27 Loss -4.46%

The Donegal Group stock price fell by -0.29% on the last day (Monday, 29th Nov 2021) from $13.97 to $13.93. and has now fallen 3 days in a row. During the day the stock fluctuated 1.37% from a day low at $13.85 to a day high of $14.04. The price has been going up and down for this period, and there has been a -2.86% loss for the last 2 weeks. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 58 thousand shares were bought and sold for approximately $808.99 thousand.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.42% during the next 3 months and, with a 90% probability hold a price between $12.93 and $14.02 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Donegal Group 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 $14.13 and $14.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, October 08, 2021, and so far it has fallen -7.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Donegal Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.19 between high and low, or 1.37%. For the last week the stock has had a daily average volatility of 1.51%.

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

Is Donegal Group stock A Buy?

Donegal Group holds several negative signals and is within a 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: -3.319

Predicted Opening Price for Donegal Group of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$13.94 $13.93 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 16, 2021 "Keefe, Bruyette & Woods" gave "" rating for DGICA. The price target was changed from $14.22 to 0.9%.

Volatility and Risk
Daily Average Volatility: 1.51 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.51 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $14.07
Price: $13.93
No Support Found

DGICA Insider Trading Show all Trades

INSIDER POWER

1.186

Last 100 transactions
Buy: 588 864 | Sell: 496 718 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Buy 2 000 Hess Jack Lee Class A Common Stock
Nov 15, 2021 Buy 282 Kelley Richard George Class A Common Stock
Nov 15, 2021 Buy 667 Wagner Daniel J Class A Common Stock
Nov 15, 2021 Buy 220 Hess Jack Lee Class A Common Stock
Nov 15, 2021 Buy 259 Pandey Sanjay Class A Common Stock
Show all Insider Trades
INSIDER POWER

1.186

Last 100 transactions
Buy: 588 864 | Sell: 496 718 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 14.13 1.44 %
14.06 0.91 %
14.01 0.59 %
Current price: 13.93
Support 13.87 -0.45 %
13.82 -0.77 %
13.75 -1.29 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 14.94 7.25 %
14.45 3.73 %
14.07 1.01 %
Current price 13.93
Support 0 .
0 .
0 .

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About Donegal Group

Donegal Group Donegal Group Inc., an insurance holding company, provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC. The company offers private passenger automobile policies that provide protection against liability for bodily injury and p... Read more

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