Verisk Analytics Stock Forecast
Verisk Analytics stock price ended on $186.69 on Friday after gaining 2.68%
(Updated on Mar 24, 2023)
The Verisk Analytics stock price gained 2.68% on the last trading day (Friday, 24th Mar 2023), rising from $181.82 to $186.69. During the last trading day the stock fluctuated 3.19% from a day low at $181.29 to a day high of $187.08. The price has been going up and down for this period, and there has been a 3.64% gain for the last 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 1 million shares were bought and sold for approximately $187.22 million. 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.
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The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $188.13 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Verisk Analytics stock with a 90% probability to be traded between $173.34 and $189.97 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
VRSK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 06, 2023, and so far it has fallen -0.538%. 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). The Verisk Analytics stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $183.43 and $179.46. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A sell signal from a double top formation was found on Monday, March 06, 2023 and based on theory for this formation the price should fall by -6.59% to $174.38 within 21 trading days since signal was issued (Monday, March 27, 2023).
Support, Risk & Stop-loss for Verisk Analytics stock
Verisk Analytics finds support from accumulated volume at $181.59 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 $5.79 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: $179.96 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (VRSK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Verisk Analytics to open at $185.02, and during the day (based on 14 day Average True Range), to move between $182.38 and $191.00, which gives a possible trading interval of +/-$4.31 (+/-2.31%) up or down from last closing price. If Verisk Analytics takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $186.92 (0.12%) than the support at $181.59 (2.73%), 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 Verisk Analytics stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Verisk Analytics stock to perform well in the short-term period.
Current score: 1.682 Open Broker Account
Buy Candidate UnchangedPredicted Opening Price for Verisk Analytics of Monday, March 27, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 27, 2023 | Current price |
|---|---|
| $185.02 | $186.69 (Overvalued) |
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Trading levels for VRSK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 190.81 | 2.21 % | |
| R2 | 188.60 | 1.02 % | ||
| R1 | 187.23 | 0.290 % | ||
| Current price: | 186.69 | |||
| Support | S1 | 182.81 | -2.08 % | |
| S2 | 181.44 | -2.81 % | ||
| S3 | 179.23 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 187.70 | 0.541 % | |
| R2 | 187.02 | 0.177 % | ||
| R1 | 186.92 | 0.123 % | ||
| Current price | 186.69 | |||
| Support | S1 | 181.59 | -2.73% | |
| S2 | 180.11 | -3.52% | ||
| S3 | 176.72 | -5.34% |
FAQ
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About Verisk Analytics
Verisk Analytics, Inc. provides data analytics solutions in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields. It operates in three segments: Insurance, Energy and Specialized Ma... VRSK Profile
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