RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SIGI
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Evaluation of Selective Insurance Group stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 5.64% PDF

The Selective Insurance Group stock price gained 1.63% on the last trading day (Thursday, 28th Mar 2024), rising from $107.42 to $109.17. It 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. During the last trading day the stock fluctuated 2.03% from a day low at $107.40 to a day high of $109.58. The price has risen in 6 of the last 10 days and is up by 5.68% over the past 2 weeks. Volume fell on the last day by -772 thousand shares and in total, 336 thousand shares were bought and sold for approximately $36.69 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may 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 $109.62 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.28% during the next 3 months and, with a 90% probability hold a price between $102.27 and $113.21 at the end of this 3-month period.

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SIGI Signals & Forecast

The Selective Insurance Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $105.13 and $103.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 01, 2024, and so far it has risen 12.78%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, January 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 12, 2024.

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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, January 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 12, 2024.

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.
Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, January 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 12, 2024.

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.

Support, Risk & Stop-loss for Selective Insurance Group stock

Selective Insurance Group finds support from accumulated volume at $107.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.18 between high and low, or 2.03%. For the last week the stock has had daily average volatility of 1.81%.

Our recommended stop-loss: $105.74 (-3.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (SIGI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Selective Insurance Group to open at $108.72, and during the day (based on 14 day Average True Range), to move between $107.32 and $111.02, which gives a possible trading interval of +/-$1.85 (+/-1.69%) up or down from last closing price. If Selective Insurance Group takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $107.42, some $1.75 (1.60%) from the current price of $109.17, our system finds the risk reward attractive.

Is Selective Insurance Group stock A Buy?

Selective Insurance Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Selective Insurance Group of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$108.72 ( 0.415%) $109.17

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SIGI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 110.90 1.58 %
R2 110.06 0.82 %
R1 109.55 0.348 %
Current price: 109.17
Support S1 107.88 -1.18 %
S2 107.37 -1.65 %
S3 106.54 -2.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 109.17
Support S1 107.42 -1.60%
S2 102.82 -5.82%
S3 96.80 -11.33%

SIGI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 31, 2024 Feb 14, 2024 Mar 01, 2024 $0.350 0.337%
2 Nov 01, 2023 Nov 14, 2023 Dec 01, 2023 $0.350 0.345%
3 Aug 02, 2023 Aug 14, 2023 Sep 01, 2023 $0.300 0.301%
4 May 03, 2023 May 12, 2023 Jun 01, 2023 $0.300 0.310%
5 Feb 02, 2023 Feb 14, 2023 Mar 01, 2023 $0.300 0.293%

FAQ

What is the symbol for Selective Insurance Group Stock and on which exchange is it traded?
The symbol for Selective Insurance Group is SIGI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Selective Insurance Group Stock?
Selective Insurance Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Selective Insurance Group Stock?
Selective Insurance Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Selective Insurance Group Stock.

What's the current price of Selective Insurance Group Stock?
As of the end of day on the 2024-03-28, the price of an Selective Insurance Group (SIGI) share was $109.17.

What is the 52-week high and low for Selective Insurance Group Stock?
The 52-week high for Selective Insurance Group Stock is $109.58 and the 52-week low is $92.23.

What is the market capitalization of Selective Insurance Group Stock?
As of the 2024-03-28, the market capitalization of Selective Insurance Group is 6.62B.

When is the next earnings date for Selective Insurance Group?
The upcoming earnings date for Selective Insurance Group is May 01, 2024.
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About Selective Insurance Group

Selective Insurance Group Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The company offers property insurance products, which covers the financial consequences of accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and ca... SIGI Profile

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