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JRVR - James River Group Holdings

Industry: Property & Casualty Insurance Sector: Financial | Exchange: NASDAQ

Buy Candidate
Buy Score Rank #1103 out of #5176
Fri 18'th Aug 2017

PERIOD COVERED
2017-05-19 - 2017-08-18
CHANGE
-0.35%
PRICE
$40.26
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

BOLLINGER
Buy
Request Prediction
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James River Group Holdings Stock Analysis

Technical stock analysis for Fri 18'th Aug 2017

Buy candidate since 2017-08-17 Loss -0.35%

James River Group Holdings fell by -0.35% in the last day from $40.40 to $40.26 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days , but is still up by 0.47% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -23 524 shares and in total 145 843 shares bought and sold for approximately $5.87 million.

Trend

Given the current horizontal trend you can expect James River Group Holdings with 90% probability to be traded between $38.30 and $41.77 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

James River Group Holdings holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $40.28. On a fall, the stock will find some support from the long-term average at approximately $39.87. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday August 16, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Support & Resistance

James River Group Holdings finds support from accumulated volume at $39.75. On the upside the stock meets some resistance just above today's level from accumulated volume at $40.28, $40.58 and $42.60.

The stock is about to test the resistance from accumulated volume at $40.28 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $39.75 Price: $40.26 Resistance: $40.28
S: $39.75 Price: $40.26 R: $40.28

Risk

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 $0.36 (0.90%) between high and low. For the last week, the stock has had a daily average volatility of 1.47%.

Our recommended stoploss: $38.51 (-4.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

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 this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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