Kinsale Capital Group Inc Forecast and Stock Analysis
Technical KNSL stock analysis for March 22, 2019.
Kinsale Capital Group Inc fell by -1.03% in the last day from $68.81 to $68.10 The price has risen in 6 of the last 10 days and is up by 1.99% over the past 2 weeks. Volume has increased in the last day by 2 901 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, 50 792 shares bought and sold for approximately $3.46 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the KNSL stock was $68.10. This is 1.03% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.76% from a day low at $68.06 to a day high of $69.25.
30 day high of the KNSL stock price was $69.96 and low was $61.07.
90 day high was $69.96 and low was $50.34.
52 week high for the Kinsale Capital Group Inc - $69.96 and low - $49.63.
Kinsale Capital Group Inc lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $67.53 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.22% during the next 3 months and, with 90% probability hold a price between $86.59 and $92.27 at the end of this period.
Kinsale Capital Group Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $68.64. On a fall, the stock will find some support from the long-term average at approximately $64.41. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday March 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Kinsale Capital Group Inc finds support from accumulated volume at $66.08.
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 $1.19 (1.76%) between high and low. For the last week, the stock has had a daily average volatility of 1.98%.
Our recommended stoploss: $64.77 (-4.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.