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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
#2320()/6630

Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE 0.00%
PRICE $36.79
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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James River Group Holdings Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Hold candidate since 2018-04-20

No changes to the price of James River Group Holdings in the last trading day. The price has risen in 5 of the last 10 days and is up by 3.17% over the past 2 weeks.

Shorts 1.42% ( 2018-03-29 )
Cash n/a
Loans n/a
Beta 0.46
ROA 1.60

Trend

James River Group Holdings lies the upper part of a wide and falling 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 $38.03 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.57% during the next 3 months and, with 90% probability hold a price between $28.84 and $35.53 at the end of this period.

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Signals

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 $36.24 and $35.32. A break down below any of these levels will issue sell signals. 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 Thursday April 19, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.

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A sell signal from a double top formation was found on Tuesday April 10, 2018 and based on theory for this formation the price should fall by -1.97% to $34.31 within 16 trading days since signal was issued (Wednesday May 02, 2018).

Relative Strength Index (RSI)

The stock holds a RSI14 at 74 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.

Access full RSI 14 and RSI 21 lists

Support & Resistance

James River Group Holdings finds support from accumulated volume at $36.39. On the upside the stock meets some resistance just above today's level from accumulated volume at $38.25, $39.54 and $40.09.

The stock is about to test the resistance from accumulated volume at $38.25 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $36.39 Price: $36.79 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 $1.52 (4.27%) between high and low. For the last week, the stock has had a daily average volatility of 1.93%.

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: $35.42 (-3.73%) (This stock has low daily movements and this gives low risk. The RSI14 is 74 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

James River Group Holdings holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

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