JRVR - James River Group Holdings

Industry: Property & Casualty Insurance Sector: Financial

Strong Buy Candidate
Wed 26'th Apr 2017

PERIOD COVERED
2017-01-27 - 2017-04-26
CHANGE
1.13%
PRICE
$43.12
VOLUME
Buy
TREND
Hold
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
Request Prediction
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James River Group Holdings Stock Analysis

Technical stock analysis for Wed 26'th Apr 2017

Buy candidate since 2017-04-26

James River Group Holdings gained 1.13% in the last trading day, rising from USD 42.64 to USD 43.12 The price has been going up and down for this period, and there has been a 3.98% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 34 284 more shares were traded than the day before. In total, 131 806 shares bought and sold for approximately USD 5.68 million.

Trend

Given the current horizontal trend you can expect James River Group Holdings with 90% probability to be traded between USD 39.88 and USD 44.57 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

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 USD 41.90 and USD 41.35. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 19, 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 63 and the stock is currently not being overbought or oversold

Support & Resistance

James River Group Holdings finds support from accumulated volume at USD 42.12, USD 41.43, and USD 39.66. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 44.20, USD 43.77 and USD 43.18.

The stock is about to test the resistance from accumulated volume at USD 44.20 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.88 (2.07%) between high and low. For the last week, the stock has had a daily average volatility of 3.56%.

Our recommended stoploss: USD 41.42 (-3.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Evaluation

James River Group Holdings holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform great in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.

Strong Buy Candidate

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