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Federated National Holding Company Stock Forecast NASDAQ:FNHC

$1.66 (3.75%)

Volume: 64k

Closed: Dec 08, 2021

Hollow Logo Score: -5.074

Federated National Holding Company Stock Forecast

$1.66 (3.75%)

Volume: 64k

Closed: Dec 08, 2021

Score Hollow Logo -5.074
Which way will FNHC go? Request
Key Stats
Beta 0.66
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 45 and the stock is currently not being overbought or oversold

Federated National Holding Company stock price up 3.75% on Wednesday
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-09 Loss -37.36%

The Federated National Holding Company stock price gained 3.75% on the last trading day (Wednesday, 8th Dec 2021), rising from $1.60 to $1.66. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 6.31% from a day low at $1.59 to a day high of $1.69. The price has fallen in 6 of the last 10 days and is down by -8.29% for this period. Volume fell on the last day by -45 thousand shares and in total, 64 thousand shares were bought and sold for approximately $106.48 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 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 $1.44 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.39% during the next 3 months and, with a 90% probability hold a price between $1.12 and $1.99 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 10.67%. 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 Federated National Holding Company 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 $2.12. On a fall, the stock will find some support from the short-term average at $1.56. 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

Federated National Holding Company finds support from accumulated volume at $1.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.10 between high and low, or 6.31%. For the last week the stock has had a daily average volatility of 8.48%.

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

Is Federated National Holding Company stock A Buy?

Federated National Holding Company 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: -5.074

Predicted Opening Price for Federated National Holding Company of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$1.65 $1.66 (Overvalued)
Strong Sell Candidate Unchanged

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Analyst Ratings

Piper Sandler is very positive about FNHC and gave it a "Overweight" rating on Apr 05, 2021. The price target was set to $7.00.

Volatility and Risk
Daily Average Volatility: 8.48 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.48 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.71
Price: $1.66
Support: $1.58

FNHC Insider Trading Show all Trades

INSIDER POWER

1.398

Last 100 transactions
Buy: 1 067 949 | Sell: 764 153 (Shares)
Date Action Amount Person Type
Mar 31, 2021 Buy 7 257 Michelson David W Common Stock, par value $0.01
Mar 31, 2021 Buy 7 257 Kimbrough Jenifer G Common Stock, par value $0.01 per share
Mar 31, 2021 Buy 1 500 Fernandez Erick Anthony Common Stock, par value $0.01 per share
Mar 31, 2021 Sell 14 023 Jordan Ronald Arthur Common Stock, par value $0.01 per share
Mar 31, 2021 Buy 40 602 Jordan Ronald Arthur Common Stock, par value $0.01 per share
Show all Insider Trades
INSIDER POWER

1.398

Last 100 transactions
Buy: 1 067 949 | Sell: 764 153 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.75 5.25 %
1.71 2.94 %
1.69 1.51 %
Current price: 1.66
Support 1.61 -3.10 %
1.58 -4.53 %
1.55 -6.84 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.04 22.89 %
1.77 6.63 %
1.71 3.01 %
Current price 1.66
Support 1.58 -4.82%
1.54 -7.23%
1.50 -9.64%

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About Federated National Holding Company

Federated National Holding Company Federated National Holding Company, through its subsidiaries, engages in insurance underwriting, distribution, and claims processing in the United States. The company underwrites homeowners’ multi-peril, commercial general liability, federal flood, workers’ compensation, personal and commercial automobile, fire, allied lines, and various other lines of insurance. It markets and distributes its own and third-party insurers’ products and its oth... Read more

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