White Mountains Insurance Group Ltd Stock Forecast
White Mountains Insurance Group Ltd stock price ended at $1,757.01 on Tuesday, after losing 0.396%.
(Updated on Jul 02, 2024)
The White Mountains Insurance Group Ltd stock price fell by -0.396% on the last day (Tuesday, 2nd Jul 2024) from $1,764.00 to $1,757.01. During the last trading day the stock fluctuated 0.787% from a day low at $1,757.01 to a day high of $1,770.85. The price has fallen in 6 of the last 10 days and is down by -1.64% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -20 thousand shares and in total, 9 thousand shares were bought and sold for approximately $16.32 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1,726.25 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect White Mountains Insurance Group Ltd stock with a 90% probability to be traded between $1,753.38 and $1,918.54 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.
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WTM Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.24%. 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 White Mountains Insurance Group Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1,773.74 and $1,766.17. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for White Mountains Insurance Group Ltd stock
White Mountains Insurance Group Ltd finds support from accumulated volume at $1,753.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $13.84 (0.787%) between high and low. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: $1,658.24 (-5.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (WTM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect White Mountains Insurance Group Ltd to open at $1,761.62, and during the day (based on 14 day Average True Range), to move between $1,714.33 and $1,799.69, which gives a possible trading interval of +/-$42.68 (+/-2.43%) up or down from last closing price. If White Mountains Insurance Group Ltd takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1,753.11 (0.22%) than the resistance at $1,778.25 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is White Mountains Insurance Group Ltd stock A Buy?
White Mountains Insurance Group Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.690 Hold/Accumulate Unchanged
Predicted Opening Price for White Mountains Insurance Group Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1,761.62 ( 0.262%) | $1,757.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,775.46 | 1.05% |
| R2 | 1,770.17 | 0.749% |
| R1 | 1,766.91 | 0.563% |
| Price | 1,757.01 | |
| S1 | 1,756.34 | -0.0383% |
| S2 | 1,753.07 | -0.224% |
| S3 | 1,747.79 | -0.525% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,817.45 | 3.44% |
| R2 | 1,796.02 | 2.22% |
| R1 | 1,778.25 | 1.21% |
| Price | 1,757.01 | |
| S1 | 1,753.11 | -0.222% |
| S2 | 1,748.86 | -0.464% |
| S3 | 1,735.42 | -1.23% |
WTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 08, 2024 | Mar 20, 2024 | $1.00 | 0.0543% |
| 2 | Feb 23, 2023 | Mar 10, 2023 | Mar 22, 2023 | $1.00 | 0.0747% |
| 3 | Feb 25, 2022 | Mar 11, 2022 | Mar 23, 2022 | $1.00 | 0.0919% |
| 4 | Feb 26, 2021 | Mar 12, 2021 | Mar 24, 2021 | $1.00 | 0.0853% |
| 5 | Feb 28, 2020 | Mar 13, 2020 | Mar 25, 2020 | $1.00 | 0.119% |
FAQ
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