JRVR - James River Group Holdings

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

Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE 0.70%
PRICE $42.96
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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James River Group Holdings Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Buy candidate since 2017-10-05 Gain 4.20%

James River Group Holdings gained 0.70% in the last trading day, rising from $42.66 to $42.96 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 4.2% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 12 583 more shares were traded than the day before. In total, 93 085 shares bought and sold for approximately $4.00 million.

Trend

James River Group Holdings lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $43.06 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.45% during the next 3 months and, with 90% probability hold a price between $40.78 and $45.41 at the end of this period.

Signals

Only positive signals in the chart today. James River Group Holdings holds buy signals from both short- and long-term moving averages. In addition, 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 $42.19 and $40.79. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday October 09, 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)

The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $40.36 and $40.26. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, James River Group Holdings finds support just below today's level at $40.36. If this is broken, then the next support from accumulated volume will be at $40.26 and $38.86.

Support: $40.36 Price: $42.96

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 $0.41 (0.96%) between high and low. For the last week, the stock has had a daily average volatility of 1.37%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trendposition increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $40.99 (-4.58%) (This stock has low daily movements and this gives low risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 8 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

James River Group Holdings holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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