Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DGICA
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Donegal Group stock price ended at $14.04 on Wednesday, after gaining 2.33%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Gain 3.54% PDF

The Donegal Group stock price gained 2.33% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.72 to $14.04. During the last trading day the stock fluctuated 1.74% from a day low at $13.82 to a day high of $14.06. The price has been going up and down for this period, and there has been a 4.78% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 38 thousand shares were bought and sold for approximately $536.95 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and 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 -3.29% during the next 3 months and, with a 90% probability hold a price between $12.71 and $14.43 at the end of this 3-month period.

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DGICA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 6.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Donegal Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.05. On a fall, the stock will find some support from the short-term average at $13.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Donegal Group stock

Donegal Group finds support from accumulated volume at $13.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.240 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 2.06%

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

Trading Expectations (DGICA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Donegal Group to open at $13.97, and during the day (based on 14 day Average True Range), to move between $13.69 and $14.39, which gives a possible trading interval of +/-$0.346 (+/-2.46%) up or down from last closing price. If Donegal Group takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.99 (0.36%) than the resistance at $14.20 (1.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Donegal Group stock A Buy?

Donegal Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.498 Sell Candidate Unchanged

Predicted Opening Price for Donegal Group of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$13.97 ( 0.475%) $14.04

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

Trading levels for DGICA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.21 1.23 %
R2 14.12 0.582 %
R1 14.07 0.178 %
Current price: 14.04
Support S1 13.88 -1.13 %
S2 13.83 -1.53 %
S3 13.73 -2.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.01 6.91 %
R2 14.92 6.27 %
R1 14.20 1.14 %
Current price 14.04
Support S1 13.99 -0.356%
S2 13.97 -0.499%
S3 13.96 -0.570%

DGICA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 21, 2023 Jan 31, 2024 Feb 15, 2024 $0.170 1.13%
2 Oct 19, 2023 Oct 31, 2023 Nov 15, 2023 $0.170 1.19%
3 Jul 20, 2023 Jul 31, 2023 Aug 15, 2023 $0.170 1.14%
4 Apr 20, 2023 Apr 28, 2023 May 15, 2023 $0.170 1.18%
5 Dec 15, 2022 Jan 31, 2023 Feb 15, 2023 $0.165 1.09%

FAQ

What is the symbol for Donegal Group Stock and on which exchange is it traded?
The symbol for Donegal Group is DGICA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Donegal Group Stock?
Donegal Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Donegal Group Stock?
Donegal Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Donegal Group Stock.

What's the current price of Donegal Group Stock?
As of the end of day on the 2024-03-27, the price of an Donegal Group (DGICA) share was $14.04.

What is the 52-week high and low for Donegal Group Stock?
The 52-week high for Donegal Group Stock is $15.76 and the 52-week low is $13.10.

What is the market capitalization of Donegal Group Stock?
As of the 2024-03-27, the market capitalization of Donegal Group is 456.213M.

When is the next earnings date for Donegal Group?
The upcoming earnings date for Donegal Group is Apr 25, 2024.
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About Donegal Group

Donegal Group Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as... DGICA Profile

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