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STFC - State Auto Financial Corporation

Industry: Property & Casualty Insurance Sector: Financial Exchange: NASDAQ

STFC - State Auto Financial Corporation

Industry: Property & Casualty Insurance Sector: Financial Exchange: NASDAQ
#2734()/6711

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 0.36%
PRICE $27.95
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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State Auto Financial Corporation Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 15.07% ( 2018-01-31 )
Cash n/a
Loans n/a
Beta 0.88
ROA -0.36
Hold candidate since 2018-02-23

State Auto Financial Corporation gained 0.36% in the last trading day, rising from $27.85 to $27.95 The price has risen in 7 of the last 10 days , but is still down by -1.58% for this period. Volume fell in the last day by -3 300 shares, and in total, 37 942 shares bought and sold for approximately $1.06 million. 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.

Access today's Top 5 Hold/Accumulates

Trend

State Auto Financial Corporation lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $27.86 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 2.17% during the next 3 months and, with 90% probability hold a price between $28.47 and $30.95 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday February 22, 2018, 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. State Auto Financial Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $28.38 and $28.94. 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 also not.

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Relative Strength Index (RSI)

RSI14 is 35 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

State Auto Financial Corporation finds support from accumulated volume at $27.94. On the upside the stock meets some resistance just above today's level from accumulated volume at $28.77, $28.98 and $29.81.

The stock is about to test the resistance from accumulated volume at $28.77 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $27.94 Price: $27.95 Resistance: $28.77

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $26.28 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

State Auto Financial Corporation holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

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