Infinity Property and Casualty Corp Fund Forecast
Red day on Tuesday for Infinity Property and Casualty Corp
(Updated on Jul 17, 2018)
No changes to the price of Infinity Property and Casualty Corp fund on the last trading day (Tuesday, 17th Jul 2018). During the last trading day the fund fluctuated 0% from a day low at $142.80 to a day high of $142.80. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund has broken the strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $144.30. A reaction back to this level may hold a second chance to get out before further falls.
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IPCC Signals & Forecast
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 Infinity Property and Casualty Corp fund 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 $142.80 and $144.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 16, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Infinity Property and Casualty Corp fund
Infinity Property and Casualty Corp finds support from accumulated volume at $142.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPCC) For The Upcoming Trading Day Of Wednesday 18th
For the upcoming trading day on Wednesday, 18th we expect Infinity Property and Casualty Corporation to open at $142.80, and during the day (based on 14 day Average True Range), to move between $141.67 and $143.93, which gives a possible trading interval of +/-$1.13 (+/-0.79%) up or down from last closing price. If Infinity Property and Casualty Corporation takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $142.85 (0.04%) than the support at $142.35 (0.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Infinity Property and Casualty Corporation fund A Buy?
The Infinity Property and Casualty Corp fund holds several negative signals and despite the positive trend, we believe Infinity Property and Casualty Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this fund.
Current score: -4.690 Sell Candidate Unchanged
Predicted Opening Price for Infinity Property and Casualty Corporation of Wednesday, July 18, 2018
Fair opening price July 18, 2018 | Current price |
---|---|
$142.80 ( 0%) | $142.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPCC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 142.80 | . | |
R2 | 142.80 | . | ||
R1 | 142.80 | . | ||
Current price: | 142.80 | |||
Support | S1 | 142.80 | . | |
S2 | 142.80 | . | ||
S3 | 142.80 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 144.05 | 0.88 % | |
R2 | 143.25 | 0.315 % | ||
R1 | 142.85 | 0.0350 % | ||
Current price | 142.80 | |||
Support | S1 | 142.35 | -0.315% | |
S2 | 142.30 | -0.350% | ||
S3 | 132.00 | -7.56% |
FAQ
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