1347 Property Insurance Holdings Forecast and Stock Analysis
Technical PIH stock analysis for Thursday May 23, 2019.
|Price to book||USD 0.69|
|Next Earnings Date||2019-08-13|
1347 Property Insurance Holdings fell by -0.19% in the last day ( Thursday, 23rd May 2019 ) from $5.31 to $5.30 and has now fallen 3 days in a row. During day the stock fluctuated 9.09% from a day low at $5.17 to a day high of $5.64. The price has been going up and down for this period, and there has been a 6% gain for the last 2 weeks. Volume has increased in the last day by 6 183 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, 12 323 shares bought and sold for approximately $65 311.90.
- 30 day high of the PIH stock price was $5.91 and low was $4.94.
- 90 day high was $6.10 and low was $4.53.
- 52 week high for the 1347 Property Insurance Holdings - $7.95 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 -9.45% during the next 3 months and, with 90% probability hold a price between $4.24 and $5.33 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, which indicates further falls until a new bottom pivot has been found. 1347 Property Insurance Holdings gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued. 1347 Property Insurance Holdings 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 $5.57. On a fall, the stock will find some support from the long-term average at approximately $5.18. 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.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
1347 Property Insurance Holdings finds support from accumulated volume at $5.29.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.47 between high and low, or 9.09%. For the last week, the stock has had a daily average volatility of 5.76%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.76 %Average volatility
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1347 Property Insurance Holdings holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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