White Mountains Insurance Group Ltd Forecast and Stock Analysis
Technical WTM stock analysis for April 23, 2019.
|Shorts||5.67% ( 2019-03-29 )|
White Mountains Insurance Group Ltd gained 1.59% in the last trading day, rising from $911.09 to $925.58 The price has been going up and down for this period, and there has been a 0.46% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2 798 more shares were traded than the day before. In total, 10 560 shares bought and sold for approximately $9.77 million.
Close price at the end of the last trading day (Tuesday, 23rd Apr 2019) of the WTM stock was $925.58. This is 1.59% more than the trading day before Monday, 22nd Apr 2019.
During day the stock fluctuated 1.70% from a day low at $910.11 to a day high of $925.62.
30 day high of the WTM stock price was $933.50 and low was $906.22.
90 day high was $961.49 and low was $882.26.
52 week high for the White Mountains Insurance Group Ltd - $980.89 and low - $832.88.
White Mountains Insurance Group Ltd lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.1% during the next 3 months and, with 90% probability hold a price between $930.56 and $985.50 at the end of this period.
Only positive signals in the chart today. White Mountains Insurance Group Ltd holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $914.27 and $920.73. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, 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.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
White Mountains Insurance Group Ltd finds support from accumulated volume at $924.70.
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 $15.51 (1.70%) between high and low. For the last week, the stock has had a daily average volatility of 0.95%.
Our recommended stoploss: $875.45 (-5.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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|WTM $925.58 ($14.49 1.59%)|
WTM is up $14.49 today, but where's it headed in 2019?
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