Wed 13'th Dec 2017
James River Group Holdings Stock Analysis
Technical stock analysis for Wed 13'th Dec 2017
|Shorts||0.67% ( 2017-11-15 )|
James River Group Holdings lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.48% during the next 3 months and, with 90% probability hold a price between $35.49 and $40.26 at the end of this period.
Only positive signals in the chart today. James River Group Holdings holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $39.97 and $40.18. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday December 08, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 66 and the stock is currently not being overbought or oversold
Support & Resistance
James River Group Holdings finds support from accumulated volume at $40.36. On the upside the stock meets some resistance just above today's level from accumulated volume at $40.57, $41.19 and $41.72.
The stock is about to test the resistance from accumulated volume at $40.57 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.69 (1.72%) between high and low. For the last week, the stock has had a daily average volatility of 1.69%.
Our recommended stoploss: $38.48 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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