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JRVR - James River Group Holdings

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

JRVR - James River Group Holdings

Industry: Property & Casualty Insurance Sector: Financial Exchange: NASDAQ
#6693()/6711

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE -10.61%
PRICE $34.45
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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James River Group Holdings Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 0.40% ( 2018-01-31 )
Cash n/a
Loans n/a
Beta 0.34
ROA 2.67
Sell candidate since 2018-02-22 Loss -10.61%

James River Group Holdings fell by -10.61% in the last day from $38.54 to $34.45 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -12.87% loss for the last 2 weeks. Volume has increased in the last day by 1.31 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.70 million shares bought and sold for approximately $58.46 million.

Access today's Top 5 Strong Sell Candidates

Trend

James River Group Holdings has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($34.45) are considered to be a "second chance" to get out. According to the fan-theory $29.19 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. James River Group Holdings holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $38.49 and $37.47. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 21, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A sell signal from a double bottom formation was found on Wednesday February 21, 2018 with a target of $39.43. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 38 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. On the upside the stock meets some resistance from accumulated volume at $38.25, $39.54 and $40.09.

Price: $34.45 Resistance: $38.25

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 $3.95 (11.83%) between high and low. For the last week, the stock has had a daily average volatility of 4.83%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

James River Group Holdings holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.

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