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
#1682()/5610

Wed 13'th Dec 2017

PERIOD 2017-09-14 - 2017-12-13
CHANGE 0.75%
PRICE $40.51
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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James River Group Holdings Stock Analysis

Technical stock analysis for Wed 13'th Dec 2017

Shorts 0.67% ( 2017-11-15 )
Cash n/a
Loans n/a
Beta 0.50
ROA 2.67
Buy candidate since 2017-12-12 Gain 0.75%

James River Group Holdings gained 0.75% in the last trading day, rising from $40.21 to $40.51 , 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 fallen in 6 of the last 10 days and is down by -0.15% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 188 148 more shares were traded than the day before. In total, 365 135 shares bought and sold for approximately $14.79 million.

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Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $40.36 Price: $40.51 Resistance: $40.57

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 $0.69 (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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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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