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1347 Property Insurance Holdings Stock Forecast NASDAQ:PIH

$5.01 (-5.29%)

Volume: 54k

Closed: September 16, 2021

Score: -3.045

1347 Property Insurance Holdings Stock Forecast

$5.01 (-5.29%)

Volume: 54k

Closed: September 16, 2021

Score -3.045
* 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 46 and the stock is currently not being overbought or oversold

Volatile ride for 1347 Property Insurance Holdings stock price on Thursday moving between $5.00 and $5.55
(Updated on September 16, 2021)

Sell candidate since 2021-09-10 Loss -3.84%

The 1347 Property Insurance Holdings stock price fell by -5.29% on the last day (Thursday, 16th Sep 2021) from $5.29 to $5.01. and has now fallen 3 days in a row. During the day the stock fluctuated 11.00% from a day low at $5.00 to a day high of $5.55. The price has fallen in 5 of the last 10 days and is down by -7.22% for this period. Volume has increased on the last day by 8 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, 54 thousand shares were bought and sold for approximately $269.17 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $5.30 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -49.36% during the next 3 months and, with a 90% probability hold a price between $1.59 and $2.68 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, August 20, 2021, and so far it has risen 8.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months 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 1347 Property Insurance 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 $5.22 and $5.51. A break-up above any of these levels will issue buy signals. 1347 Property Insurance Holdings 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

1347 Property Insurance Holdings finds support from accumulated volume at $5.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.55 between high and low, or 11.00%. For the last week, the stock has had a daily average volatility of 8.68%.

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

Is 1347 Property Insurance Holdings stock A Buy?

1347 Property Insurance 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: -3.045

Predicted Opening Price for 1347 Property Insurance Holdings of Friday, September 17, 2021

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

Fair opening price September 17, 2021 Current price
$5.19 $5.01 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 8.68 %
Overall Risk: Very High High Medium Low Very Low
8.68 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $5.29
Price: $5.01
Support: $5.00

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.74 14.50 %
5.53 10.31 %
5.40 7.72 %
Current price: 5.01
Support 4.98 -0.67 %
4.85 -3.26 %
4.64 -7.45 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 6.11 21.96 %
5.60 11.78 %
5.29 5.59 %
Current price 5.01
Support 5.00 -0.20%
4.84 -3.39%
4.70 -6.19%

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About 1347 Property Insurance Holdings

1347 Property Insurance Holdings 1347 Property Insurance Holdings, Inc., through its subsidiaries, provides property and casualty insurance products to individuals in Louisiana. The company offers homeowners’ insurance, manufactured home insurance, dwelling fire insurance, and wind/hail insurance products, as well as reinsurance products. It distributes its insurance policies through a network of independent agents. The company was formerly known as Maison Insurance Holdings, I... Read more

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