1347 Property Insurance Holdings Stock Analysis
Technical stock analysis for 18 January 2019
1347 Property Insurance Holdings gained 2.59% in the last trading day, rising from $4.25 to $4.36 The price has risen in 5 of the last 10 days and is up by 5.83% over the past 2 weeks. Volume fell in the last day by -2 900 shares, and in total, 963 shares bought and sold for approximately $4 198.68. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the PIH stock was $4.36. This is 2.59% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 4.87% from a day low at $4.31 to a day high of $4.52.
30 day high of the PIH stock price was $4.97 and low was $3.75.
90 day high was $6.80 and low was $3.75.
52 week high for the 1347 Property Insurance Holdings - $8.25 and low - $3.75.
1347 Property Insurance Holdings lies in the middle of a very 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 -32.79% during the next 3 months and, with 90% probability hold a price between $2.11 and $3.24 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 17, 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. 1347 Property Insurance Holdings holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $4.43 and $4.38. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $4.03 and $4.02.
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, 1347 Property Insurance Holdings finds support just below today's level at $4.03. If this is broken, then the next support from accumulated volume will be at $4.02 and $3.75.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.21 between high and low, or 4.87%. For the last week the stock has had a daily average volatility of 10.10%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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1347 Property Insurance Holdings holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.