Weaker Buy Today STFC ranks #40 as BUY CANDIDATE. Stronger Buy
Today STFC ranks #40 as BUY CANDIDATE.

STFC stock State Auto Financial Corporation

STFC stock
State Auto Financial Corporation

Wed 12'th Dec 2018

PERIOD 2018-09-13 - 2018-12-12
CHANGE 2.28%
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell
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State Auto Financial Corporation Stock Analysis

Technical stock analysis for Wed 12'th Dec 2018

Buy candidate since 2018-11-28 Gain 2.10%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.59
ROA 1.02

State Auto Financial Corporation gained 2.28% in the last trading day, rising from $34.15 to $34.93 The price has fallen in 6 of the last 10 days , but is still up by 5.88% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 21 096 more shares were traded than the day before. In total, 43 640 shares bought and sold for approximately $1.52 million.

Trend

State Auto Financial Corporation lies in the upper part of a wide and strong rising trend in the short term, and this will 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 $35.69 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 15.06% during the next 3 months and, with 90% probability hold a price between $36.60 and $41.06 at the end of this period.

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Signals

Only positive signals in the chart today. State Auto Financial Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $34.50 and $33.09. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 11, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 63 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 $33.41.

Support: $33.41 Price: $34.93 Resistance: $35.00

Risk

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 $1.02 (2.99%) between high and low. For the last week, the stock has had a daily average volatility of 3.18%.

Our recommended stoploss: $33.14 (-5.11%) (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 positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today STFC ranks #40 as BUY CANDIDATE. Stronger Buy
Today STFC ranks #40 as BUY CANDIDATE.